HSBC Insights

Oden, head of U.S. wealth, private banking, asset management and premier banking at HSBC, was one of the first in the industry to build an online wealth management platform.

Tara Latini, country head of wealth and personal banking for HSBC USA, has been a key decision-maker as the bank has shifted away from the mass-market retail business in the U.S., focusing instead on "globally connected affluent and high-net-worth clients."

Racquel Oden, HSBC's head of wealth and personal banking in the U.S., talks about how to guide clients through a year of political and economic upheaval.

Nuno Matos, once a contender to be chief executive, is leaving after nine years at the firm.

In an effort to "stop the woke corporate agenda," West Virginia's treasurer added Citigroup, TD Bank, Northern Trust and HSBC to a list of firms banned from providing banking services to the state.

The London-based banking giant announced a plan this week to exit the mass-market U.S. retail business and focus on managing the wealth of affluent globe-trotters. But other international banks will provide stiff competition.

The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.