HSBC has promoted Krishna Patel, chief executive of HSBC Africa, to chief executive of its Global Private Banking division, reporting to group chief executive Stuart Gulliver. Patel will start his new role on 1 September, initially based in Geneva, and will focus on strengthening the bank’s presence in the fastest-growing wealth markets. Patel, who has worked at HSBC for 27 years, will continue to chair HSBC’s Values Committee and will also take up the new role of chairman of HSBC Africa.
The professional services firm has appointed Davin McDermott as director in its media division to focus on business development in the music sector. McDermott, who has spent 15 years working in the music sector, is a former financial controller of EMI Europe and European finance director at Warner Music.
The private client stockbroker has hired Oliver Cowell as an investment executive. Cowell joins from stockbroking firm Redmayne Bentley, where he was a senior stockbroker advising high net worth clients.
Nationwide Building Society
Mitchel Lenson and Lynne Peacock have joined the board of Nationwide Building Society as non-executive directors. Lenson is a former group chief information officer at Deutsche Bank, and Peacock recently retired from the role of chief executive UK of National Australia Bank.
Mike Coupe, group commercial director of Sainsbury’s, will join the board of Greene King as a non-executive director on 26 July. Coupe will also become a member of the audit committee.
State Street Corporation
State Street Global Advisors has strengthened its cash management team by appointing Kevin Thomson and Adam Sadiq as regional sales directors for EMEA, based in SSgA’s London office. Thompson joins from portal provider ICD, and Sadiq joins from Western Asset Management Company.
The retail industry charity has appointed John Lovering as its new chairman, to replace current chair Dudley Cloake in September. Lovering is the former chairman of Homebase, Debenhams, Peacocks and Somerfield.
The international law firm has appointed Andrew McLean as a partner in the corporate practice. McLean joins from Weil Gotshal & Manges, where he has been a partner since 2000.