HSBC Hires Private Banking Chief For US Northwest Region

28th Jul 2010 17:59

By Thomas Coyle Of DOW JONES NEWSWIRES HSBC Private Bank has made former Deutsche Bank (DB, DBK.XE) wealth manager Mark Pittsey head of its office in San Francisco and manager of its U.S. northwest region. As a report to Patrick Campion, chief executive of HSBC's U.S. private bank, Pittsey puts together teams for areas such as liquidity management, trust and estate administration, and various advisory services on behalf of wealthy individuals and families. Pittsey spent about three years as director of Deutsche Bank Private Wealth Management's office in San Francisco. Before that, he spent 14 years with Wells Fargo Wealth Management group, ultimately as a regional director. He began his career as a financial management adviser with Chatsworth, Calif.-based Great Western Bank. HSBC Private Bank, a unit of HSBC Group, has 91 offices in 39 counties. It had $460 billion in assets under management at the end of 2009. HSBC Group is part of London-based HSBC Holdings PLC (HBC, HSBA.LN). -Thomas Coyle, Dow Jones Newswires; 207-631-4235; [email protected] (END) Dow Jones Newswires July 28, 2010 12:59 ET (16:59 GMT)