Thursday, 25 April 2024
HSBC appoints Charlie Nunn as retail banking and wealth management boss
HSBC has appointed a new head of its retail banking and wealth management division — a business at the centre of a $2.1bn digital expansion drive.
The bank said in a statement today that Charlie Nunn has taken over as chief executive of RBWM. He has been acting CEO of the business since late last year.
He takes over the reins of the business, which generates nearly $20bn-a-year in revenues, from John Flint. Flint was named as successor to HSBC's group CEO, Stuart Gulliver, last October and is due to assume the top job in February.
Like many of its rivals, HSBC is in the midst of a push into digital banking.
In November it hired former the Google executive Mike Warriner as chief information officer in the RBWM division's digital team. Among the new products being developed by HSBC is an app that allows users to view multiple bank accounts in one place.
Flint said in a statement: "Charlie has a deep understanding of our retail banking and wealth businesses that is second to none. Charlie blends his passion for HSBC with his previous experience supporting a broad range of financial institutions, giving him a clear understanding of the opportunities we have to build on our current momentum."
Re-disseminated by The Asian Banker from Fnlondon.com
