HSBC USA announced today that Racquel Oden has been appointed Head of Wealth and Personal Banking. In this role, she will oversee the bank's wealth management, global private banking and retail businesses in the US. She will join the bank in December.

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Incoming US Head of Wealth and Personal Banking Racquel Oden (Photo: Business Wire)

Based in New York, Oden will report to Michael Roberts, CEO, US and Americas, and Juan Parma, Head of Wealth and Personal Banking Americas.

"We're thrilled to welcome Racquel to HSBC," said Roberts. "The Wealth and Personal Banking business plays a key role in HSBC's overall growth strategy in the US. Racquel's extensive industry experience will be instrumental as we strengthen our focus on serving globally connected and high net worth clients."

Oden joins HSBC from JPMorgan Chase, where she most recently served as Head of Network Expansion for Consumer Banking. She previously led National Sales and the Northeast Division for both consumer banking and wealth management. Before joining JPMorgan Chase, Oden held several roles at Merrill Lynch, including Head of Advisor Strategy, Head of Global Product Strategy, and Market Executive for the firm's flagship New York Fifth Avenue Market, which serves high-net-worth individuals and institutions. Previously, Oden spent 10 years at UBS in a number of senior leadership roles. She began her career at Morgan Stanley in equity trading.

"I'm excited to join HSBC to lead the Wealth and Personal Banking business in the US," said Oden. "I look forward to working with my new colleagues in the US and around the world to continue to build and grow a platform that leverages HSBC's unparalleled international network to serve the unique needs of our clients."

About HSBC

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,041bn at 30 June 2023, HSBC is one of the world's largest banking and financial services organizations.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.

For more information, visit: HSBC in the USA

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