HSBC Private Bank's investment chief, who helped raise the division's presence and reputation in alternatives and hedge fund investments, is leaving after 12 years at the firm.

Gabriel Perahia will stand down as chief executive of the Private Bank Investment Group on November 1.

Lisa Haines

HSBC

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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HSBC wealth chief stands down

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