(Alliance News) - HSBC Holdings PLC on Monday said it has appointed a new chief operating officer, John Hinshaw, a member of the board of Bank of New York Mellon and a former technology executive.
HSBC's current COO, Andy Maguire, will retire at the end of January but will remain with the group until the end of his notice period on June 9 in order to assist with the handover.
Hinshaw will join the bank as group COO-designate on Tuesday before stepping into the full role in February.
Hinshaw was an executive vice president at Hewlett Packard and Hewlett Packard Enterprise Co, managing Technology & Operations and serving as chief customer officer, leaving HP in 2016.
Hinshaw has been on the board at Bank of New York Mellon for the past five years and chaired the bank's Technology Committee. He joins as a group managing director at HSBC and will be a member of its group management board.
Shares in HSBC were down 0.1% at 561.60 pence in London on Monday morning.
By Anna Farley; annafarley@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.