HSBC has made a number of changes to its executive team, including the appointment of Paul Thurston to the post of chief executive of Retail Banking and Wealth Management, effective 1 March 2011.

HSBC has made a number of changes to its executive team, including the appointment of Paul Thurston to the post of chief executive of Retail Banking and Wealth Management, effective 1 March 2011.

The bank, meanwhile, has appointed Brian Robertson as chief executive of HSBC Bank and Marc Moses as group chief risk officer. The shake-up aims to develop a “world-class global wealth business” based on the perception of “massive” wealth creation in emerging markets, said Stuart Gulliver, the group’s CEO designate.

Thurston has over 33 years experience in the banking industry, latterly as CEO of HSBC Bank where he was responsible for the UK consumer and commercial banking businesses. Prior to this he was managing director of UK Banking. Other roles include heading up HSBC’s personal financial services business in the Asia Pacific region and CEO of Grupo Financiero HSBC in Mexico.

In his new role, based in Hong Kong, Thurston will have responsibility for directing all aspects of HSBC's retail banking business globally, including the personal financial services and insurance businesses, and the group's marketing activities. He will lead the development of HSBC's retail wealth management business across the group.

Robertson, currently group chief risk officer, will take up the reigns as CEO of HSBC Bank on 3 December 2010, subject to UK board and regulatory approvals. In his new role he will have responsibility for all of the Group's businesses in the United Kingdom and Continental Europe.

Moses, formerly chief financial and risk officer, will take on his new role as group chief risk officer for global banking and markets on 3 December 2010.

All three report to Gulliver.