Published by Global Banking & Finance Review®
Posted on September 25, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleHSBC appoints Victor Matarranz to lead its international wealth strategy outside Asia, focusing on Europe and the Americas.
By Tatiana Bautzer, Andres Gonzalez and Iain Withers
-Europe's largest bank, HSBC, hired Santander banker Victor Matarranz as Head of International Wealth and Premier Banking (IWPB) for the Americas and Europe, the bank said on Thursday.
The lender has been reshuffling the unit and named Barry O’Byrne its CEO in October as it seeks to further strengthen what has become its main profit driver.
Matarranz, who led the wealth management and insurance unit at rival Santander until last year, will oversee the bank's wealth strategy outside of Asia.
In 2024, wealth and personal banking was HSBC's biggest earner, generating $12.2 billion in profit — up 5.2% from the previous year — as it attracted new customers and sold more wealth management products.
"Victor whose broad experience in leading wealth businesses in these regions will help us sharpen our focus on serving affluent to ultra-high net worth clients onshore and across global corridors,” O’Byrne said in a statement.
HSBC also made changes to the unit in Asia in April, when its top wealth manager overseeing China left the role. The lender has been cutting hundreds of jobs from its digital wealth project in the country.
(Reporting by Tatiana Bautzer, Andres Gonzalez and Iain Withers. Editing by Elisa Martinuzzi and Anousha Sakoui)
HSBC has appointed Victor Matarranz as the Head of International Wealth and Premier Banking for the Americas and Europe.
In 2024, wealth and personal banking was HSBC's biggest earner, generating $12.2 billion in profit, which was a 5.2% increase from the previous year.
HSBC has been reshuffling its wealth management unit, including the appointment of Barry O’Byrne as CEO and the recent hiring of Victor Matarranz.
Victor Matarranz has broad experience in leading wealth businesses, having previously managed the wealth management and insurance unit at Santander.
HSBC has been cutting hundreds of jobs from its digital wealth project, particularly in Asia, following a leadership change in the region.
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