HSBC Appoints New Chief Executives for Global Businesses

02/22/2021 | 05:37am
Colin Bell

By Joe Hoppe

HSBC Holdings PLC said Monday that it has made a number of changes to its senior management team, appointing a range of new chief executives across its divisions.

The U.K. lender said it has appointed Nuno Matos as the CEO of Wealth and Personal Banking, and Colin Bell as the CEO of HSBC Europe and HSBC Bank PLC, both with immediate effect. Mr. Bell has been the group's chief compliance officer for the past four years and led the group transformation plan since early 2020.

The company also appointed Michael Roberts as CEO of the U.S. and Americas businesses, with effect from April 5. The new role, which is in addition to his existing responsibilities as CEO of HSBC Bank USA, will focus on strengthening flows of business across the Americas region, the company said.

Finally, HSBC has appointed Stephen Moss as CEO of its Middle East, North Africa and Turkey business from April 4, as it seeks to extend strategic ambitions for the region.

Mr. Bell, Mr. Roberts and Mr. Moss will continue to report directly to group Chief Executive Noel Quinn, it added.

Shares in London at 1016 GMT were up 1.0 pence, or 0.2%, at 424.95 pence.

Write to Joe Hoppe at joseph.hoppe@wsj.com

Corrections & Amplifications

This item was corrected on February 23, 2021 to reflect Colin Bell, the new CEO of HSBC Europe and HSBC Bank PLC, has been chief compliance officer for the past four years and led the group transformation plan since early 2020. The original version incorrectly said Mr. Bell has been the group's chief compliance officer since early 2020 in the second paragraph.

(END) Dow Jones Newswires

02-22-21 0537ET

Copier lien
Latest news about Colin Bell
02/22