Published by Global Banking & Finance Review®
Posted on December 22, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleHSBC appoints Ida Liu, former Citi executive, as CEO of its private bank, effective January 5, to enhance its wealth management services.
Dec 22 (Reuters) - HSBC said on Monday it appointed Ida Liu as chief executive officer of HSBC's private bank, effective January 5.
Liu most recently served as global head of Citi Private Bank and has more than 25 years of experience in wealth management, strategic advisory and business transformation for ultra-high-net-worth (UHNW) individuals and multi-generational families.
Her appointment "reflects our ambition to further strengthen the private bank as the partner of choice for the world's most sophisticated entrepreneurs and families," Barry O'Byrne, CEO of HSBC International Wealth and Premier Banking, said.
She succeeds Gabriel Castello, who was named interim head of the business in December last year.
(Reporting by Ankita Bora in Bengaluru; Editing by Tasim Zahid)
Private banking refers to personalized financial services offered to high-net-worth individuals, including wealth management, investment advice, and tailored financial solutions.
Wealth management is a comprehensive service that combines investment management, financial planning, and other financial services to grow and protect an individual's wealth.
Ultra-high-net-worth individuals (UHNWIs) are people with investable assets exceeding $30 million, often requiring specialized financial services and investment strategies.
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.
Business transformation involves making significant changes to a company's operations, processes, or strategies to improve performance and adapt to market changes.
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