Table of Contents
Nuno Matos, head of personal and wealth banking at HSBC, resigns
HSBC chief executive Nuno Matos is to leave the company after losing his top job.
Matos, head of wealth and personal banking, “decided to resign to pursue other opportunities” after nine years at the lender, the bank said.
He is one of three senior managers whose departure was announced yesterday, before Georges Elhedery took over as chief executive on Monday.
Matos was a favourite to succeed Noel Quinn when he announced his departure earlier this year, but Lebanese-born CFO Elhedery beat him to the punch. Matos, who is Portuguese and based in Hong Kong, joined in 2015 from Santander.
In an internal memo, Matos told staff: “This is the right time to seize new opportunities.” Matos, a member of the bank’s 18-person executive committee, will stay on as an adviser before leaving in 2025.
He will be replaced by Barry O’Byrne, head of the commercial banking division.
John Hinshaw, chief operating officer, and Elaine Arden, chief human resources officer, are also leaving.
DIY INVESTMENT PLATFORMS
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 7 Easy investment and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 7 Easy investment and ready-to-use portfolios](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
AJ Bell
Easy investment and ready-to-use portfolios
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 9 Free investment ideas and fund trading](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 9 Free investment ideas and fund trading](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_749_Britains-pay-rises-forecast-to-slow-for-the-first-time.jpg.webp)
Hargreaves Lansdown
Free investment ideas and fund trading
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 11 Flat rate investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive investor
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 11 Flat rate investing from £4.99 per month](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/02/1707733883_266_Britains-pay-rises-forecast-to-slow-for-the-first-time.png.webp)
interactive investor
Flat rate investing from £4.99 per month
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 13 Get £200 back in trading commissions](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/07/EasyJet-expects-record-summer-as-peak-season-profits-take-off.png.webp)
Saxo
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 13 Get £200 back in trading commissions](https://whatsnew2day.com/wp-content/uploads/cwv-webp-images/2024/07/EasyJet-expects-record-summer-as-peak-season-profits-take-off.png.webp)
Saxo
Get £200 back in trading commissions
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 15 Free treatment and no commissions per account](https://whatsnew2day.com/wp-content/uploads/2024/08/Change-of-command-at-HSBC-Nuno-Matos-leaves-the-position.png%20)
Trade 212
![Change of command at HSBC: Nuno Matos leaves the position of head of wealth after a snub to his position 15 Free treatment and no commissions per account](https://whatsnew2day.com/wp-content/uploads/2024/08/Change-of-command-at-HSBC-Nuno-Matos-leaves-the-position.png%20)
Trade 212
Free treatment and no commissions per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.