The outgoing CEO boasts a 43-year career at the bank.

The chief executive of global private banking for HSBC, Peter Boyles, is retiring after a 43-year career at the bank and will be succeeded at the start of next year by HSBC senior figures António Simões.

As part of the changes, Simões’ old role of chief executive of HSBC Bank plc and CEO of Europe will be taken on by James Emmett.

Boyles’ retirement ends a career at HSBC going back to 1975. He has worked in Asia, the Middle East and Europe. He was appointed a group MD and joined the group management board in October 2013.

Simões joined HSBC in September 2007 as group head of strategy, reporting to the group chairman. In October 2009, he was appointed group head of strategy and planning and chief of staff to the group CEO, and subsequently spent two years in Hong Kong. In January 2012, he relocated to London to lead the European retail banking and wealth management business, including responsibility for asset management and insurance. He was then appointed CEO for HSBC in the UK, and deputy chief executive of HSBC Bank plc, before being appointed in September 2015 as CEO of HSBC Bank plc and CEO of Europe.

Emmett has been with HSBC since 1994 and worked across commercial and retail banking, trade finance, operations and technology and strategy across Europe, Asia, the Middle East and the Americas. His previous roles include chief operating officer of HSBC Bank plc, CEO of HSBC Turkey and global head of trade and receivables finance.