Less than a year after selling its investment bank to Citigroup, London-based Schroders PLC, is busy building its private banking business.

On Thursday, the company picked Mike Bussey, who headed HSBC Republic’s private banking business in Europe and the Middle East, to be chief executive of Schroder & Co., a unit formed in November to handle the private banking business that was previously done in Schroders’ investment bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.