Russell Schofield-Bezer has moved over from HSBC's global banking and markets division to the firm's private bank as head of investment services and products in the US.

HSBC Private Bank has appointed Russell Schofield-Bezer as head of investment services and product solutions, adding to its leadership team in the US, which the firm remarked is one of its key growth markets.

Family Wealth Report is seeking confirmation on whether this is a newly-created role.

Schofield-Bezer will be responsible for the development and delivery of investment services and offerings to clients in the region, as well as the performance of discretionary and advisory mandates, and the development of new initiatives and product ideas. He will also be a voting member of the global private bank global investment committee.

Having relocated from London to New York, Schofield-Bezer will report to Marlon Young, HSBC's regional head of global private banking for the US and Latin America, and to Stuart Parkinson, chief of staff at HSBC Global Private Bank.

Schofield-Bezer is moving across from HSBC Global Banking and Markets, where he was most recently head of capital financing for Europe and head of debt capital markets for the EMEA region. He joined HSBC in 2006 as European head of corporate derivatives sales, and before that worked at JP Morgan Chase, where he was head of northern European corporate derivative sales.

The announcement follows the recent appointment of Joe Abruzzo as head of business for HSBC Private Bank in North America, as reported here.