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View the article online at http://citywire.co.uk/wealth-manager/article/a762267

HSBC Private Bank snaps up four from rivals

by Robert St George on Jul 17, 2014 at 14:37

HSBC Private Bank snaps up four from rivals

HSBC has made a quadruple swoop on other private banks, including two senior hires from Credit Suisse.

Raffaello Nemni was formerly head of the London-based UK resident non-domiciled team at Credit Suisse Private Bank, where he worked since November 2008. Before that he was general manager of Bank J. Safra’s branch in the UK.

Moving to HSBC Private Bank with Nemni is Giorgio Ambrosetti, who joined Credit Suisse in 2007 and also specialised in advising non-domiciled clients.

In a separate move, HSBC has snapped up two managers who recently left Barclays’ wealth arm.

Edward Cullen joins as a relationship manager focused on onshore ultra-high net worth clients. He departed Barclays in London earlier this year, where he had been a vice president and had worked since April 2008.

He was previously an associate director at UBS Wealth Management.

The other former Barclays hire is Chris Arbuthnott. He joined Barclays Wealth’s Aberdeen office as vice president of private banking in 2011.

Prior to this, he spent two years at Kleinwort Benson’s Edinburgh branch and three years at Arbuthnot Latham, where he was in charge of running private client portfolios and charity money.

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