Dennerlein, who has over 20 years of experience in private banking, will be responsible for the management and expansion of relationships with wealthy private banking clients.

Prior to joining HSBC, Dennerlein was a key member of the institutional sales team at Northern Trust in Chicago.

Previous to Northern Trust, Dennerlein spent 15 years at Citigroup Private Bank, JP Morgan and Key Asset Management where he held various capital markets and portfolio management positions.

Simcox joined HSBC Private Bank from Bernstein Global Wealth Management where he was a financial advisor. He too has over 20 years of experience in financial services industry.

Patrick Campion, CEO of HSBC’s US Private Bank, said these talented individuals bring a wide range of wealth management expertise to the bank’s existing strong team of professionals based in Chicago.

"Combining the skills of these high caliber executives with our extensive network of products and services will be of great benefit to the high net worth individuals we serve in this area," Campion added.