HSBC Private Bank has opened an office in Morristown, New Jersey. It will be staffed by Ihor Zwarycz and Christopher Zias, who joined HSBC in October 2007 from Citigroup Private Bank as senior vice presidents.

The team will be responsible for serving the needs of high net worth individuals, family offices, privately owned businesses and financial sponsors in the New Jersey and mid-Atlantic regions.

Areas covered will include structured lending, investment management, fiduciary services (including trust and estate administration, and custody) as well as a broad array of banking and cash management services. They will also maintain offices on Fifth Avenue in New York.

Patrick Campion, chief executive of the US private bank, said: “Opening a New Jersey office is part of our strategy to expand our presence in the US while maintaining our boutique service approach.”

The Morristown office is the private bank’s thirteenth US office.