HSBC Private Banking (HSBC PB) has hired Caroline Kitidis as its head of Ultra High Net Worth for EMEA and the US.
Kitidis joins from Deutsche Bank, where she led the European Institutional Wealth Partners Group.
Go deeper with GlobalData
The appointment is part of a broader push by HSBC PB to expand its UHNW business. Furthermore, Kitidis will work closely with existing UHNW leads to further enhance the proposition and client experience for the segment. The bank is aiming to leverage the strengths of the wider HSBC Group for UHNW and Institutional Family Office clients.
In addition, she will be based in London and report to Chris Allen, regional head of EMEA, HSBC Private Banking.
Kitidis has over 20 years’ of experience in wealth management and investment banking. She has worked across the Americas and Europe at Deutsche Bank and Goldman Sachs.
Most recently, she was managing director at Deutsche Bank. In addition, she oversaw the EMEA family office business and the corporate finance advisory business for wealth management.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAllen said: “We are delighted that Caroline is joining the HSBC Private Banking team. She brings a deep understanding of the needs of UHNW clients, combined with extensive experience of business development, investments and solutions. This will be invaluable as we seek to grow our UHNW business in EMEA and the US’’.
Yesterday, HSBC introduced an enhanced version of its Wealth Portfolio Intelligence Service (WPIS) for its Jade clients to help them navigate the current turbulent market.
The bank has now expanded the WPIS service to new asset classes including bonds, equities, currencies, cash as well as time deposits.
The service was rolled out in 2019 but initially covered only unit trust.
Its new version is aimed at helping clients gain more insight into their portfolios.
The upgraded version enables HSBC directors to generate risk analysis reports across key elements of a multi-asset wealth portfolio. They can then discuss the insights gathered from the assessment of WPIS.
It leverages tools that are utilised by institutional investors in evaluating exposure to risk.
