HSBC Aus finds replacement chief
(26 May 2009 – Australia) HSBC has found a replacement for recently departed chief executive, Stuart Davis, in current deputy chief of HSBC Brazil, Paulo Maia.
Maia, the current deputy chief executive officer of HSBC's business unit in Brazil, will take up the head role in Australia from July 1, HSBC announced in a statement.
Sandy Flockhart, HSBC’s chief executive officer, Asia Pacific, said that Maia comes to Australia with more than 25 years’ banking experience spanning Brazil, Great Britain and the United States across the retail, commercial and corporate banking sectors.
Flockhart noted Maia’s particular experienced in growing an HSBC business unit and developing business opportunities for HSBC and its clients in both developed and emerging markets.
On HSBC in Australia, Flockhart said that HSBC has a clear and ongoing business strategy to grow its presence in the Australian market.
Flockhart indicated that Maia is set to focus on new and existing business opportunities within Personal Financial Services, Commercial Banking and Global Banking and Markets, utilising HSBC group’s global size and on-the-ground presence, in what has become a tough market outside of the big four domestics.
Maia first joined HSBC in 1993 in Brazil as director Corporate Finance and then worked at the bank’s head office in London as senior manager Emerging Markets.
Maia later returned to Brazil where he took part in the setting up of HSBC Bank Brazil. Before becoming deputy CEO of HSBC Bank Brazil, a role he has held since April 2008, he headed both HSBC’s Personal Financial Services and Commercial Banking operations in Brazil.
In April this year, HSBC appointed Stuart Davis to immediately take up the role of chief executive officer of the HSBC Group in India.
HSBC in Australia achieved a pre-tax profit of US$176 million in 2008, an increase of 42 percent.
Sandy Flockhart, HSBC’s chief executive officer, Asia Pacific, said that Maia comes to Australia with more than 25 years’ banking experience spanning Brazil, Great Britain and the United States across the retail, commercial and corporate banking sectors.
Flockhart noted Maia’s particular experienced in growing an HSBC business unit and developing business opportunities for HSBC and its clients in both developed and emerging markets.
On HSBC in Australia, Flockhart said that HSBC has a clear and ongoing business strategy to grow its presence in the Australian market.
Flockhart indicated that Maia is set to focus on new and existing business opportunities within Personal Financial Services, Commercial Banking and Global Banking and Markets, utilising HSBC group’s global size and on-the-ground presence, in what has become a tough market outside of the big four domestics.
Maia first joined HSBC in 1993 in Brazil as director Corporate Finance and then worked at the bank’s head office in London as senior manager Emerging Markets.
Maia later returned to Brazil where he took part in the setting up of HSBC Bank Brazil. Before becoming deputy CEO of HSBC Bank Brazil, a role he has held since April 2008, he headed both HSBC’s Personal Financial Services and Commercial Banking operations in Brazil.
In April this year, HSBC appointed Stuart Davis to immediately take up the role of chief executive officer of the HSBC Group in India.
HSBC in Australia achieved a pre-tax profit of US$176 million in 2008, an increase of 42 percent.
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