People Moves

HSBC Appoints New CEOs For Philippines, Australia And Canada

Tom Burroughes Group Editor 7 November 2012

HSBC Appoints New CEOs For Philippines, Australia And Canada

HSBC has announced new CEOs for the Philippines, Canada and Australia, the banking giant announced today.

HSBC, which reported third-quarter earnings results earlier this week, has announced new chief executives for its operations in Australia, Canada and the Philippines.

The changes come as, after more than 25 years with the HSBC Group, Lindsay Gordon will retire as president and CEO of HSBC Bank Canada and chairperson of HSBC Global Asset Management (Canada) Limited, effective 5 January 2013.

Gordon will be appointed to the Board of Directors of HSBC France (HBFR), subject to required approvals.

Paulo Maia, who will succeed Gordon on 7 January next year, is currently CEO of HSBC Bank Australia, a position he has held since July 2009. Maia held a variety of senior positions with HSBC Bank Brazil including executive director of each of the bank’s main business lines, and then deputy CEO. Maia joined HSBC in 1993.

In turn, Maia will be succeeded in Sydney by Tony Cripps on 24 December 2012, who returns to Australia with more than 25 years of experience working with HSBC globally.

Cripps began his career with HSBC as head of derivatives trading in Australia in 1986. He has also held a number of senior global banking and markets roles in Hong Kong and London before returning to Australia in 2006 where he was most recently promoted to head of global banking and markets in 2009. In 2010, he was appointed CEO of HSBC in the Philippines.

Wick Veloso is to become the first Filipino to be appointed CEO of HSBC Philippines on 24 December 2012. Currently managing director and head of HSBC Global Banking and Markets in the Philippines, Veloso has 26 years capital markets experience. During his 18 years with HSBC, in addition to his Philippine roles, he has also worked in Hong Kong and held overseas assignments in London, New York, Tokyo and Singapore.

All three appointments are subject to the usual board and regulatory approvals.

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