November 7th 2012 – HSBC has announced new CEOs for its operations in Australia, Canada and the Philippines. All appointees are long-serving executives who have worked throughout HSBC’s global network.

After more than 25 years with the HSBC Group, Lindsay Gordon will retire as President and Chief Executive Officer of HSBC Bank Canada and Chair of HSBC Global Asset Management (Canada) Limited, effective 5 January 2013. Mr Gordon will be appointed to the Board of Directors of HSBC France (HBFR), subject to
required approvals.

Paulo Maia, who will succeed Mr Gordon on 7 January 2013, is currently Chief Executive Officer of HSBC Bank Australia, a position he has held since July 2009. Previously, Mr 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 Chief Executive Officer. Mr Maia joined HSBC in 1993.

Mr 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. Mr 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 Chief Executive Officer of HSBC Philippines on 24 December 2012. Currently Managing Director and Head f HSBC Global Banking and Markets in the Philippines, Mr 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.

Commenting on these appointments, Stuart Gulliver, Group Chief Executive of HSBC Holdings, said: “I am delighted with Paulo, Tony and Wick’s appointments and the fact that the Group has such depth of talent, which allows us to make appointments of this quality from within.”

"I would also like to thank Lindsay for his valued service to the Company over the past 25 years, and his significant contribution to the considerable growth of the Canadian business over the past decade. His dedication and strong leadership skills have greatly benefited HSBC and I am pleased that Lindsay is joining the HBFR Board and remaining part of the Group."

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

Re-disseminated by The Asian Banker