HSBC Bank has hired JPMorgan executive director ‌James Willis to lead its global precious metals sales, according to four sources with knowledge of the matter. The move is part of a broader reshuffle across trading and sales teams at major bullion banks in London, the world's largest OTC gold-trading hub. Willis, who spent 20 years at JPMorgan, is expected to join HSBC in mid-2026. Other major banks are also looking to expand their precious metals teams, with several seeking to replace departing staff or expand existing teams.