HSBC global private banking and wealth CEO Annabel Spring is to exit the business at the end of December to pursue other external opportunities.

Barry O'Byrne, the CEO of HSBC Wealth and Personal Banking, thanked Spring (pictured) for her "many contributions" to the company.

"We are grateful to her for her leadership of the significant turnaround, integration and growth of the global private bank and wealth businesses, the transforming of our technology, product set and client experience, as well as building a client-focused culture and team," he said.

HSBC is in the process of separating its wealth products from the global private bank division.

Following Spring's departure, Gabriel Castello will take over as interim CEO of HSBC Global Private Banking and will report to O'Byrne.

O'Byrne said: "We will begin a recruitment process for the permanent role and provide a further update in due course. Gabriel will continue in his current roles as CEO for the Swiss Private bank and head of Global Private Banking, EMEA, until further notice."

HSBC wealth boss to exit as incoming CEO shakes up senior management

In addition, Lavanya Chari, who is based in Singapore, will become HSBC's head of wealth and premier solutions, and will also report to O'Byrne.

Chari will take charge of the firm's wealth solutions across markets, as well as the teams supporting select retail products, such as unsecured lending, mortgages and transaction banking.

She is currently the firm's global head of investments and wealth solutions.