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HSBC’s UK head Joe Garner steps down

HSBC's head of UK operations Joe Garner has stepped down from his position, after less than two years in the job, and has been succeeded by the bank's European retail banking and wealth management chief Antonio Simoes.

Garner said that he has decided to quit his job due to family reasons and unwillingness to work with the bank’s overseas operations, but not due to any company and regulatory affairs.

Garner was appointed as head of UK operations and as deputy chief executive of the bank’s global retail and commercial business in December 2010. He has been serving HSBC for the past eight years.

Garner also acts as a part of the Financial Services Practitioner Panel, an industry group dealing with challenges and works with industry watchdog the Financial Services Authority.

Antonio Simoes earlier worked in McKinsey before joinging HSBC in 2007. He will continue to hold his current position in addition to his new role.