Mark Watkinson, the chief executive officer of HSBC Bank Bermuda, is retiring after 33 years with the HSBC Group.

He will be succeeded by Steve Banner, who has been CEO of HSBC Greece for the past four years. Mr Banner will assume the role on November 12.

Mr Watkinson has led HSBC in Bermuda for three years. During his three decades with the group he has held senior positions across 10 countries.

Chris Davies, CEO of HSBC International, said: “I would like to express my significant gratitude to Mark Watkinson for successfully leading HSBC Bermuda over the past three years, leaving it significantly stronger and well placed for growth.

“His successor Steve Banner, has been CEO, HSBC Greece for the past four years. Steve joined HSBC in 1991 and he brings to his role in Bermuda a wealth of international banking experience, acquired from roles in Asia, Europe and North America.”

On his appointment Mr Banner said: “I am excited to be joining HSBC Bermuda and look forward to working with the team to continue to position HSBC as the leading international bank and the bank of choice for customers.”

Tony Joaquin, chairman of HSBC Bermuda, said: “We are delighted to welcome Steve to the Bermuda team and look forward to working with him as we continue to leverage the benefits for our customers that derive from being a part of the larger HSBC Group network.

“We would like to extend our sincere appreciation to Mark for his excellent contribution to the business over the last three years, where thanks to his strong leadership HSBC Bermuda is well positioned for future growth.”