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HSBC Australia Announces New CEO

HSBC Australia Announces New CEO

(22 July 2022 – Australia) HSBC Australia has promoted Antony Shaw to become the next chief executive officer (CEO) effective 1 September 2022 subject to regulatory approvals.

As HSBC's global head of emerging markets, wealth and ESG sales, Shaw has been named as the next head for HSBC Australia and will also join HSBC Australia’s board as an executive director. He will be replacing Kaber Mclean, who has served as CEO of HSBC Australia since March 2020.

Mr Mclean has made a decision to take a sabbatical from 31 August before returning to HSBC in 2023 in a different role. In 2003, Mr Shaw began his role as HSBC’s head of sales, leading institutional sales across Asia Pacific and the Middle East, North Africa and Turkey (MENAT) regions and played a “significant role” in markets & securities services. In late 2019, he was named to his most recent position as the bank’s global head of emerging markets, wealth and ESG sales, where he drove growth. Prior to his two decades with HSBC, Mr Shaw worked in the investment banking sector across London and Sydney.

HSBC Australia stated his appointment comes at “a time of transition for Australia”, citing rises in the nation’s personal wealth and cost of living expenses, a return to international commercial and investment activity, and a rise in Australia’s commitments to climate change.

Australia’s economic success has always been underpinned by its international openness. As Australia's global connections continue to evolve and shift, Antony’s widespread experience will ensure our international network remains optimised to help our Australian customers manage this change and sustainably prosper” commented HSBC Asia Pacific Co-CEO Surendra Rosha commented

“Kaber has been laser-focused in identifying where and how we can best support our Australian clients, and in ensuring we had the right people investment and capability in place to execute upon it. With the world reopening, we supported Kaber’s decision to set aside time to reconnect with family and friends aboard. We will be welcoming his return into another role, within the group, in the new year” Rosha added.

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