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HSBC names new US head of private wealth solutions

HSBC names new US head of private wealth solutions

HSBC Private Banking has hired Heather Flanagan as head of private wealth solutions United States following the exit of its former head Gerry Joyce in July.

Flanagan joins from PNC Wealth Management and will be responsible for developing the strategy for wealth planning, trust and estate administration for clients booked in the US.

According to a release from HSBC, she most recently led a team of wealth advisors at PNC’s Delaware office and helped develop the company’s thought leadership on trust planning and cross-jurisdictional issues.

Joe Abruzzo, head of HSBC Private Banking, Americas, said: ‘I’m confident she will continue to evolve our private wealth solutions strategy and utilize these critical capabilities to contribute to our growth objectives.’

Joyce left the firm in July after 17 years with the bank to take a role at Fiduciary Trust Company, a subsidiary of Franklin Templeton Investments. 

HSBC has over $191.9bn in assets, as of June 30, across its retail, wealth management, private banking, asset management and global banking and market segments.

The private bank in the US managed client books across Latin America up until recently, when it announced it would focus on clients in Argentina, Brazil, Chile and Mexico.

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