HSBC’s wealth boss Nuno Matos is stepping down as the bank unveils a senior management shake-up just days before incoming chief executive Georges Elhedery’s first day in the role.
Matos, who serves as CEO of the global wealth and personal banking business, will leave the firm in 2025 after nine years with the group to pursue other opportunities, the bank said in a statement today (29 August). The group's global commercial banking CEO Barry O'Byrne, based in Hong Kong, will take over from Matos. O'Byrne will be supported by Matos in an advisory capacity for the remainder of 2024 before going on gardening leave. HSBC AM multi-asset fund manager and World Selection head Kate Morrissey exits Also based in Hong Kong, Matos has held his current post since Februar...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
