HSBC recruits ex-Citi executive Ida Liu to lead private bank

Key insight: HSBC taps powerful former Citi executive to bolster its private-banking business. Supporting data: HSBC, which aims to be the leading private bank in Asia, the Middle East and the United Kingdom, is trying to increase its assets under management in the UK to $135 billion by 2028. Forward look: Liu is tasked with leading a global effort to attract more wealthy customers to HSBC. HSBC has hired former Citigroup executive Ida Liu to be the next CEO of its private bank. Liu will join the Lon ...