Banking News

HSBC announces new Australian CEO

HSBC announces new Australian CEO

(23 January 2020 – Australia) HSBC Bank Australia has appointed Kaber Mclean as its new chief executive officer, taking over from interim CEO Noel McNamara.

Mr Mclean – who first joined HSBC in 1996 and has previously been president and CEO of HSBC Japan (2012-2016) and has more recently held regional roles, including head of wholesale credit and market risk, Asia Pacific, and head of remediation office, Asia-Pacific – will take up the role from 1 March 2020 (subject to regulatory and immigration approvals).

Mr McNamara, who has been acting CEO since June 2019, will continue as chief risk officer, HSBC Australia, once the new CEO takes up his position.

The bank has said that it has commenced a new three-year strategic plan for Australia that aims to “capture growth opportunities across its universal banking model, building scale in retail banking and increasing wholesale banking revenues by tapping a greater share of international business activity, targeting growth sectors of the economy and addressing growing demand for sustainable finance”.

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