Tim Wood has been named the new head of HSBC Securities Services (HSS) in the UK, effective 28 March.
Wood joins RBC Investor and Treasury Services where he served as managing director of business management.
He will take over responsibility of the UK business from Rafael Moral Santiago, head of HSS Europe, who will continue to focus his responsibilities throughout the rest of Europe.
In his new role, Wood will be based in London and report to Santiago, as well as becoming a member of the HSS Europe management committee.
Wood has 30 years of industry experience having held roles in custody operations, client services and client change.