HSBC Bank Canada has hired Larry Tomei as head of retail banking and wealth management, replacing Betty Miao, who is taking on a new role with the firm in Asia.

Prior to joining HSBC Bank Canada, Tomei worked at CIBC where he was most recently senior vice president, and headed up the President`s Choice Financial business.

Tomei has served in various senior positions, including national sales and service for retail distribution, private wealth management and mutual funds. He has experience in retail banking, business banking, mass affluent and Asian banking.

HSBC Bank Canada president and CEO Sandra Stuart said: "We are extremely pleased to have Larry joining our team to help lead these important changes.

“In this very competitive environment, as customer expectations continue to rise, his depth of experience in Canadian retail and wealth management with an emphasis on service will be valuable in driving our efforts to make the business simpler, faster, and more efficient for our customers."