Franco Morra, CEO of HSBC Private Bank (Suisse), will step down from his role on 27 April 2018, the bank has confirmed.
Morra’s decision to leave came as the bank announced the creation of a single EMEA structure.
The bank said that Morra has chosen this time to step down after having accomplished his mandate of transforming the Swiss Private Bank.
HSBC Global Private Banking EMEA will bring together the private banking units of the UK, the Channel Islands, France, Germany, Switzerland and Luxembourg. The change aims to create a private banking business that is more integrated and strategically aligned with HSBC’s wider growth plans.
Chris Allen has been appointed regional head of global private banking EMEA with immediate effect. He has previously overseen several entities within the new EMEA regional structure.
Christophe Guillemot will lead the HSBC businesses in Switzerland on an interim basis from 28 April 2018. This will be in addition to Guillemot’s existing responsibilities as CFO of global private banking.