HSBC appoints Simon Williams Group Head of Wealth Management

The Camelot Financial Capital Management LLC founder will be based in Hong Kong effective 11 July 2011.

Mr Williams will report to Paul Thurston, HSBC’s Chief Executive, Retail Banking and Wealth Management, and will be responsible for leading the development of retail wealth management business capabilities in key markets for the HSBC Group.

Between 1997 and 2006, Mr Williams played a key role in the development of Citigroup’s consumer banking business, heading up their retail and wealth franchise outside of North America, leading the repositioning of their business in Asia and Latin America, and as a member of the Citigroup Management Committee. Prior to that he spent four years at GE Capital in the US and Europe, and his experience also includes senior roles with Apax Ventures, Bain & Co, and with Price Waterhouse.