Mark Winterflood has been named to succeed Anthony Simcic as head of HSBC’s private banking operations in Luxembourg, the company said today.
Simcic, who held the role for around 18 months, is leaving the company, HSBC said.
Winterflood, who first joined HSBC 22 years ago, comes to his new post from the UK, where he has been global head of pricing for HSBC Private Banking for the past two years. Before that, he held various client-facing and senior roles within the Group across the Middle East, Asia and Europe, HSBC said. His appointment is effective on 5 February.
In addition to heading up the Luxembourg private banking operation, Winterflood will also join HSBC’s executive committee in Luxembourg.
In his new role, Winterflood will be responsible for “the oversight, leadership and management” of HSBC’s private banking operation in Luxembourg, which HSBC said has “has seen significant growth over the past several years”, while continuing to work closely with HSBC’s commercial banking and global banking businesses in Continental Europe.
He will report to Franco Morra, chief executive of HSBC Private Bank (Suisse) and regional head of global private banking Europe International and MENA; and Lars Rejding, country chief executive of HSBC Luxembourg.
At the end of November, HSBC Private Banking Luxembourg was looking after client assets worth around US$9.3bn.
In addition to its private banking operations in Luxembourg, HSBC also operates asset management, corporate banking and securities services businesses there.