HSBC UK Private Bank has opened a new Wealth Centre in central Leeds, following the recent launch of the first HSBC UK Wealth centre in July on St James’s, London.
The Leeds centre will serve as a base for relationship teams to offer wealth management services for Private Banking and Premier clients in Yorkshire and the North East.
It is intended to complement HSBC’s other regional spaces in Birmingham and Manchester which serve clients in the Midlands and North West respectively.
The investment in the Leeds Wealth Centre follows years of record growth for its regional business, which covers the Midlands and the North of England and serves over 350 clients holding between $5-$50m worth of assets.
Over the past five years, the UK Private Bank’s regional business has grown revenues by over 300 per cent. The new Wealth Centre has opened at the same time as the regional team expands with three more hires.
Gareth Morgans joins from UBS as an investment advisor, Marcus Himsworth also joins from UBS as a relationship manager and Stephen Wright, joins from the corporate banking business as a business development manager.
Rebecca Boardman
Charles Boulton, head of private banking, HSBC UK, said: “We’re pleased to open our second UK Wealth Centre as we continue to drive the expansion of our Wealth and Private Banking business in the UK.
“HSBC has an established presence in Yorkshire and across the regions and is known as the Private Bank of choice for business owners seeking to exit or transition their business.”
Rebecca Boardman, UK HNW North & Midlands regional head, added: “Yorkshire is a thriving hub for entrepreneurs, high-net worth individuals and families looking for bespoke financial solutions.
“Opening a new office in Leeds allows us to be even more accessible and geographically closer to our clients.
“Sustained success over the years has confirmed the continued need for personalised wealth management, investment advice and estate planning solutions.”
