Nuno Matos has been promoted to CEO of its wealth and personal banking unit

Former Publishing Editor

HSBC has named its European chief executive Nuno Matos as head of its wealth and personal banking division after the previous boss jumped from the UK lender to head up Lloyds Banking Group.

Matos, who is currently chief executive of HSBC's non-ring fenced UK bank and its European operation, has been promoted to CEO of its wealth and personal banking unit, the bank said in a statement.

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