HSBC names new private banking chief

Europe’s biggest bank HSBC has named a new chief executive for its private banking arm to take over from Krishna Patel who is resigning from the role he has had since September 2011.

Peter Boyles, the bank’s chief executive officer for Continental Europe since 2010, was yesterday named by the bank as the new head of HSBC Private Bank.

Patel, 63, has worked at HSBC for 28 years and will leave at the end of January following a transition period, the bank said.

Since taking over from London- and Hong Kong-based Chris Meares last year, Patel has worked from Geneva and will also carry out the role from Switzerland.