HSBC USA announced on Monday that Racquel Oden has been appointed as the Head of Wealth and Personal Banking. Starting in December, Oden will be responsible for overseeing the bank's wealth management, global private banking, and retail businesses in the US.
Based in New York, Oden will report to Michael Roberts, CEO of US and Americas, and Juan Parma, Head of Wealth and Personal Banking Americas. Roberts expressed his enthusiasm for the appointment, stating that Oden's extensive industry experience will be crucial in reinforcing HSBC's commitment to serving globally connected and high-net-worth clients.
Prior to joining HSBC, Oden served as the Head of Network Expansion for Consumer Banking at JPMorgan Chase (NYSE:JPM). Her previous roles also include leading National Sales and the Northeast Division for both consumer banking and wealth management at JPMorgan Chase.
Oden's career also includes several positions at Merrill Lynch, where she served as Head of Advisor Strategy, Head of Global Product Strategy, and Market Executive for the firm's flagship New York Fifth Avenue Market, catering to high-net-worth individuals and institutions. Furthermore, she spent a decade at UBS in various senior leadership roles and began her career at Morgan Stanley in equity trading.
In her statement on joining HSBC, Oden expressed her excitement about leading the Wealth and Personal Banking business in the US. She also highlighted her eagerness to work with her new colleagues across the globe to further develop a platform that leverages HSBC's international network to cater to their clients' unique needs.
HSBC Holdings (NYSE:HSBC) plc, the parent company of HSBC USA, is one of the world's largest banking and financial services organizations with assets totaling $3,041bn as of June 30, 2023. The company serves customers worldwide from offices in 62 countries and territories.
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