HSBC has appointed a new head of ultra-high-net-worth in its US Wealth, Premier and Global Private Banking team.
The global banking group has had quite the year following the unexpected departure of its CEO Noel Quinn who had overseen several key policy decisions including deciding to cut back on its US operations.
However, under new CEO Georges Elhedery there has been some weight added to the US team including the opening of a flagship center in New York City as home to a significant UHNW-focused push into the country’s wealth management landscape. The group has also been reshaping its investment banking operations to look more like Wall Street rivals.
As head of UHNW, Eric Ingber will lead efforts to support high-performing teams across sales, investment management, and compliance.
Ingber brings a wealth of experience to the role having spent 18 years at JP Morgan Private Bank including 10 years as executive director, and then, after almost 18 months as a wealth advisor at AW Jones, he held managing director roles across various divisions of Bank of America Private Bank.
He will report to Racquel Oden, HSBC US head of Wealth, Premier and Global Private Banking, and Caroline Kitidis, global head of Ultra High Net Worth.
“We are thrilled to have Eric join HSBC and focus on delivering exceptional service to our U.S. and international clients,” Oden said. “Our international clients who live and work across borders have unique financial needs, and our Global Private Bank can provide important services to support their wealth management needs.”
Oden is implementing a new growth strategy focusing on supporting international and UHNW clients, which includes some other senior hires in the US team including head of Wealth Planning and International Connectivity Carly Doshi, Regional Market head Didi Nicholas and Clark Pingree, who will be supporting the North and West markets, respectively.
HSBC announced this week that its global head of private banking and wealth Annabel Spring would be leaving as part of a management shakeup that has seen hundreds of senior bankers reapplying for jobs as the bank restructures.
Spring’s responsibilities overseeing private banking and wealth management will be divided between Gabriel Castello and Lavanya Chari, respectively.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
