News Release

Marlon Young to Head HSBC Private Bank U.S. Domestic Expansion

8 March 2006

HSBC Private Bank, a division of HSBC Bank USA, N.A., today announced that it has hired Marlon Young to lead the private bank’s U.S. expansion efforts. He will be a managing director and head of U.S. domestic private banking. As a member of the U.S. senior management team, he will report to Gerard Aquilina, chief executive officer for the Americas, HSBC Private Bank.

"Marlon brings more than 27 years of in-depth market experience to help further the private bank’s expansion efforts in U.S.," said Gerard Aquilina. "He will work with our team of highly skilled domestic private bankers to achieve much closer collaboration with our partners in tax, investment banking, corporate and commercial banking and personal financial services as HSBC continues to grow its footprint nationwide."

Young joins HSBC after 27 years at Citigroup where most recently he was the head of private client lending at Smith Barney. He has held various leadership roles including head of the Northeast region for Citigroup Private Bank, head of investment finance and senior credit officer for the U.S. Northeast and Mid-Atlantic regions. His international private banking experience encompasses assignments as team head of the Hong Kong ultra high net worth segment and global markets manager for Thailand. Young also has extensive corporate banking experience covering the commercial real estate, automotive and energy industries.

Young holds a Master’s degree in business management from the Asian Institute of Management in Manila, Philippines and is fluent in English, Tagalog and Mandarin.

 

HSBC Private Bank

HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank, together with HSBC Guyerzeller and the private banking and trustee activities of HSBC Trinkaus & Burkhardt, provides private banking and trustee services to high net worth individuals and their families through 74 locations in the Americas, the Asia-Pacific region, Europe and the Middle East. Combined client assets under management were US$348 billion at 31 December 2005.

For more information, visit www.hsbcprivatebank.com.

 

The HSBC Group

The HSBC Group has around 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa and serves over 125 million customers. The HSBC Group had total assets of US$1,502 billion at 31 December 2005.

Media Contacts

• Juanita Gutierrez
• juanita.gutierrez@us.hsbc.com
• HSBC - North America
• 212.525.6282