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 Nick Hayes: finding good bonds in negative yield world

Nick Hayes: finding good bonds in negative yield world

Why do some bonds offer 'negative yields' and how do you avoid them? Nick Hayes of AXA Investment Managers explains.

Play Neil Gregson: gold is prettiest in ugly contest

Neil Gregson: gold is prettiest in ugly contest

The JP Morgan Natural Resource fund manager talks about the prospects for gold with plenty of uncertainty in the global economy.

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter