HSBC Bank USA Appoints Mark Pittsey Head of Wealth
September 02 2020 - 9:00AM
Business Wire
Veteran banker will lead HSBC’s wealth
proposition across the entire spectrum of private wealth management
– from retail customers to ultra-high net worth clients
HSBC Bank USA, N.A. (“HSBC USA”), part of HSBC Group, has
appointed Mark Pittsey as the Head of Wealth for HSBC USA,
effective immediately. In this new role, Pittsey is responsible for
the entire wealth proposition across private management, spanning
retail customers to ultra-high net worth clients. He reports to
Pablo Sanchez, Regional Head of Wealth and Personal Banking in the
US and Canada.
“Through his nearly three decades of expertise, Mark has proven
to be a standout senior executive and leader, managing teams who
oversee the investment management, lending, trust, wealth planning
and banking needs of high-net worth and ultra-high-net worth
clients,” said Sanchez. “While we navigated the demanding and
uncertain environment presented by COVID-19, Mark has been a
steadfast leader. In his new role, Mark will continue to bolster
our wealth offering and evolve the customer experience to expand
our market share and further differentiate us from
competitors.”
Pittsey joined HSBC in 2010 and most recently served as Managing
Director and Market Head for the Central and Western Regions. He
began his career with Wells Fargo Private Bank in 1992 and later
joined Deutsche Bank Private Bank in 2007 as a Regional Manager for
the Bay Area Region.
“I am excited to step into this new role and help continue
transforming HSBC’s wealth proposition. In the US and LATAM, we
will leverage our role as one of the largest global wealth managers
to enlist new investments and technologies so we can continue
offering compelling propositions and world-class customer
experiences,” said Pittsey.
In February, HSBC Group announced that it is combining Retail
Banking and Wealth Management with Global Private Banking to create
Wealth and Personal Banking (WPB). With a combined total of USD 1.4
trillion in assets, WPB is one of the world’s largest global wealth
managers.
Pittsey holds Series 4, 6, 7, 12, 24, 53, 63 and 65 securities
licenses. He is a Senior Sustainability Leader for HSBC Private
Banking and formed the first “Green Team” in the US for HSBC.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.)
serves customers through retail banking and wealth management,
commercial banking, private banking, and global banking and markets
segments. It operates bank branches in: California; Washington,
D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania;
Virginia; and Washington. HSBC Bank USA, N.A. is the principal
subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC
North America Holdings Inc. HSBC Bank USA, N.A. is a Member of
FDIC. Investment and brokerage services are provided through HSBC
Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance
products are provided through HSBC Insurance Agency (USA) Inc.
HSBC Holdings plc, the parent company of the HSBC Group,
is headquartered in London. HSBC serves customers worldwide from
offices in 64 countries and territories in our geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of $2,923bn at 30 June 2020,
HSBC is one of the world’s largest banking and financial services
organizations.
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version on businesswire.com: https://www.businesswire.com/news/home/20200902005614/en/
Media contacts: Matt Klein +1 212 525 4644
matt.klein@us.hsbc.com Kathleen Bentley +1 212 525 0423
kathleen.bentley@us.hsbc.com
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