Senior HSBC Appointments

28 Jul 2006 16:55

HSBC Holdings PLC28 July 2006 SENIOR HSBC APPOINTMENTS The Board of Directors of HSBC Holdings plc approved a number of Group ManagingDirector appointments at its meeting today (28 July 2006). Clive Bannister becomes Group Managing Director, Insurance and a member of theGroup Management Board on 1 August 2006. Clive was previously Chief Executive,Group Private Banking and will continue to manage this business until 1 November2006 when Christopher Meares will take over. Christopher is currently ChiefExecutive, Group Private Banking, UK, Channel Islands and Luxembourg. Youssef Nasr, Group Managing Director, South America, will move to the newlycreated role of Group Managing Director, Strategic Investments on 1 October 2006with a mandate to develop new strategic shareholder bases. Sandy Flockhart becomes Group Managing Director and President Latin America andthe Caribbean and a member of the Group Management Board on 1 October 2006. Thisrole, which coincides with Youssef Nasr's change of role, gives Sandy broaderregional management responsibility beyond his existing role as President of HSBCMexico. HSBC Holdings plcHSBC Holdings plc serves over 125 million customers worldwide through some 9,500offices in 76 countries and territories in Europe, the Asia-Pacific region, theAmericas, the Middle East and Africa. With assets of US$1,502 billion at 31 December 2005, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'. This information is provided by RNS The company news service from the London Stock Exchange