HSBC Holdings plc has announced the appointment of António Simões as head of Global Private Banking, effective 1 January 2019 subject to regulatory approval.
Simões will succeed Peter Boyles, who will retire from HSBC.
James Emmett will succeed António Simões as chied executive of HSBC Bank plc and chief executive of Europe with immediate effect.
Boyles joined HSBC in 1975 and has worked in many different roles in Asia, the Middle East and Europe. He was appointed a group managing director and joined the Group Management board in October 2013. Prior to being appointed CEO of Global Private Banking, he was CEO, Continental Europe, and head of Commercial Banking for Europe.
Simões joined HSBC in September 2007 as group head of Strategy, reporting to the group chairman. In October 2009, he was appointed group head of Strategy & Planning and chief of Staff to the Group CEO, and subsequently spent two years in Hong Kong. In January 2012, he relocated to London to lead the European Retail Banking and Wealth Management (RBWM) business, including responsibility for Asset Management and Insurance. He was then appointed CEO for HSBC in the UK, and deputy chief executive of HSBC Bank plc, before being appointed in September 2015 as chief executive of HSBC Bank plc and chief executive of Europe.
Emmett has been with HSBC since 1994 and has over 20 years of international banking experience working in a variety of roles in Commercial and Retail Banking, Trade Finance, Operations & Technology and Strategy across Europe, Asia, the Middle East and the Americas. His previous roles include chief operating officer of HSBC Bank plc, CEO of HSBC Turkey and global head of Trade and Receivables Finance.