HSBC promotes Paul Thurston

HSBC has promoted Paul Thurston to the role of chief executive for retail banking and wealth management with effect from March 1 next year.

Thurston will relocate to Hong Kong for this newly created position and will report to Stuart Gulliver, who takes over as group chief executive on January 1. Gulliver too will be based in Hong Kong.

Thurston will be responsible for all aspects of HSBC’s retail banking business globally, including the personal financial services and insurance businesses, and for marketing activities. He will lead the development of HSBC’s retail wealth management business and will direct the retail operations and technology platforms. The head of group marketing for HSBC...