The private banking arm of HSBC said it is continuing to invest in its people, products and services in the US, making a senior appointment for North America.

HSBC Private Bank has today named Joe Abruzzo as head of business for North America, succeeding Patrick Campion, who joined Deutsche Bank Wealth Management in May.

Based in New York, Abruzzo will be responsible for HSBC’s private banking strategy across North America, particularly in the US – a key market for HSBC Global Private Bank, the firm said. 

He was most recently head of large corporate banking, having joined in 2014 as head of northeast corporate banking. He previously held senior roles at JP Morgan in commercial and investment banking.

Abruzzo will report to Marlon Young, regional head of global private banking for the US and Latin America. He will also serve as a member of the HSBC Global Private Bank Executive Committee.