Villars new retail head at HSBC
HSBC Asset Management Australiahas taken on former Wells Capital Management executive vice president Rick Villars as its new head of retail, in a move designed to strengthen its sales division.
In the role, Villars will be in charge of HSBC Asset Management’s retail and private client units in Australia, focusing on implementing and delivering strategies to increase sales inflow as well as ensuring service delivery through financial advisers.
Speaking on the appointment of Villars, HSBC chief executive officer Barry Sheehan says the group is focused on strengthening its skills for future growth.
“We are building on the existing strengths of our sales team, as well as adding further capability and experience to our management team,” he says.
“This role is pivotal to our growth-oriented strategy.”
Villars held a number of senior roles within Wells Capital during 1999 and 2001, and as executive vice president was involved in managing a US$80 billion institutional investment advisory firm.
Prior to this, he spent six years with Norwest Investment Management, most recently as a senior director of its sales and marketing division.
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