Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

HSBC wealth chief Thurston to retire

HSBC wealth chief Thurston to retire

HSBC's wealth management and retail banking chief Paul Thurston has announced his retirement.

Thurston has enjoyed a 37-year career with HSBC, and hands over his group managing director and retail banking and wealth management (RBWM) chief executive responsibilities to John Flint, currently the group head of strategy and planning and chief of staff to the group chief executive.

'Paul had planned to retire two years ago but stayed on at my request to help establish RBWM as a globally managed business,' said Stuart Gulliver, group chief executive, as he announced Thurston's departure to investors.

'Under Paul's leadership RBWM has developed and rolled out consistent business models across multiple markets as part of a new, highly targeted strategy to build a global business,' Gulliver (pictured) added.

Thurston, 59, started his career at the bank in 1975, working in the UK where he served in a range of roles.

He moved to Hong Kong in 2000 to lead retail banking and in 2007 was appointed chief executive officer (CEO) of HSBC Mexico.

Thurston then became co-head of Latin America before returning to Britain in 2008, taking up the role of UK banking managing director.

Shortly afterwards he was appointed CEO of HSBC Bank and took up his current role as CEO of RBWM in March 2011.

The handover from Thurston to Flint will take place on 1 January 2013.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter