HSBC Holdings plc announces changes to its senior management team. All changes will take effect from 1 October 2024 and, where required, are subject to regulatory approval.
Barry O’Byrne, Chief Executive Officer, Global Commercial Banking (CMB), is appointed CEO, Global Wealth & Personal Banking (WPB). Mr O’Byrne has a strong and proven track record in executing CMB’s transformation and growing the international franchise.
Nuno Matos, the current CEO of WPB, has decided to step down to pursue other opportunities after nine years with the Group. He will support Mr O’Byrne in an advisory capacity throughout 2024 and will leave the Group in 2025 after a period of gardening leave. Mr O’Byrne will continue to be based in Hong Kong. We will provide an update on plans for his successor in due course.
Aileen Taylor, Group Company Secretary & Chief Governance Officer, is appointed Group Chief Human Resources and Governance Officer. Ms Taylor is a strong and inclusive leader with a demonstrable track record over 20 years of advising boards and executives in delivering strategy, simplification and transformation. She takes over from Elaine Arden, Group Chief Human Resources Officer, who after seven years in role, has decided to step down.
John Hinshaw, Group Chief Operating Officer (GCOO), has decided to leave the Group to pursue other opportunities.
Georges Elhedery, HSBC Group Chief Executive Officer Designate, has reviewed the accountabilities of the current GCOO role and will split the responsibilities between two new Group Executive Committee level roles – an elevated and expanded role of Group Chief Information Officer, (GCIO), and a newly defined Group Chief Operating Officer (GCOO).
Stuart Riley is appointed to the expanded GCIO role, which will assume responsibility for Data and Innovation. He joined the Group in February 2024 and has made a strong and positive impact demonstrating the right capabilities, energy, and values to lead HSBC’s technology teams in the delivery of our technology ambitions. He brings extensive experience in managing global technology for large banking institutions, most recently as Global Co-CIO for Citi, where he co-led the Technology Division.
The remaining Group COO accountabilities will become the responsibility of the new GCOO. Suzy White, Global Banking & Markets Chief Operating Officer, has been appointed GCOO on an interim basis, whilst a formal recruitment process is carried out. In this interim capacity, she will attend GEC but will not be a member.
Suzy White has been with HSBC for over 25 years in a variety of roles including COO for Global Markets and Securities Services and Chief Risk Officer for GBM and CMB in the US.
