The man responsible for building the business serving sports stars at HSBC Private Bank is returning to the US to take up a new challenge working for the billionaire hedge fund co-owner of NBA team The Boston Celtics.

Mark Pannes is leaving the wealth management arm of HSBC in London to return to his home in the US, where he will work on identifying investment opportunities in the sports, media, entertainment, consumer goods and hospitality sectors on behalf of the Raptor Evolution Fund.