HSBC in the Channel Islands and Isle of Man has appointed Alvaro Teixeira as Head of Wealth and Personal Banking.
In his new role, which he assumes as from this month and is subject to regulatory approval, Alvaro (pictured) will take on overall responsibility for driving the Bank’s ongoing strategy to improve access to its full suite of wealth products across the islands and serve the evolving needs of personal banking customers – from day-to-day banking, through to more bespoke Global Private Banking solutions as well as Trust and Fiduciary Services. Alvaro will also lead the global HSBC Expat business, which is managed from Jersey.
Having joined HSBC in 2010, Alvaro was most recently Head of Wealth and Personal Banking (WPB) in Malta where he played a pivotal role in transforming the Bank’s risk management framework in the jurisdiction and in enhancing its customer centric approach. Prior to that, he worked in Brazil, Hong Kong, Mexico, the USA and UK in different areas of HSBC’s WPB division, while he has also served on the boards of several HSBC subsidiaries. Before joining HSBC, Alvaro spent nearly two decades working on trading desks in Brazil, USA and Canada.
Commenting on his new role, Alvaro said: “I’m delighted to be taking on the responsibility to drive forward HSBC’s Wealth and Personal Banking division in the islands. Over recent years, the Bank has focused considerably on enhancing, expanding and tailoring its range of wealth solutions, from banking and savings to investments and lending, to meet the needs of islanders at all life stages. I’m excited to be continuing to build on that good work, alongside the incredibly talented and professional team across Jersey, Guernsey and the Isle of Man.”
Warwick Long, CEO, HSBC Channel Islands and Isle of Man, added: “The Channel Islands and Isle of Man remains a top performing and strategically important market for HSBC both within the context of its European business and at a global level too. I’m pleased to welcome Alvaro to the team and his experience will be crucial as we continue to enhance our proposition for wealth and personal banking across the islands, and internationally through our HSBC Expat network.”