HSBC said on Thursday Noel Quinn will become chief executive of commercial banking globally.
Noel joined HSBC in 1987, and has led commercial banking in the Asia-Pacific region between 2011 and 2015. Before that he headed commercial banking in the UK between 2008 and 2011.
Quinn succeeds Simon Cooper who has resigned to join rival Standard Chartered.
StanChart said on Thursday Cooper, 48, was joining as CEO of corporate and institutional banking in April. He joined HSBC in 1989.
Quinn has already been replaced by Paul Skelton as regional head of commercial banking.
During Quinn's leadership, HSBC's commercial bank in Asia grew its balance sheet from about $80.1 billion in 2010 to $134 billion as of June according to the bank's financial statements.
HSBC won FinanceAsia’s award for the best commercial bank in the region last year, thanks to its presence in 19 markets across the Asia-Pacific.
The bank continues to meld its commercial banking business with its global banking business. This collaboration has delivered substantial incremental revenue as the bank has leveraged off lending relationships to yield bond, equity and M&A mandates.
In 2014 HSBC completed 157 capital financing transactions for its commercial banking clients, up from 122 deals in 2013.
While HSBC’s strength lies in Hong Kong, it has been deepening its relationships around the region with its international client base. Commercial banking revenues in Asia last year were bigger outside of Hong Kong than inside the financial hub.
The bank remains a leader in trade finance, with a 13.6% market share in global trade. It has more than 3,000 trade specialists and processes a mind-boggling volume of transactions; HSBC processes $1 million of trade turnover every minute, and every second the bank processes over $10 million in payments.
HSBC has also been at the forefront of all things related to the renminbi. It was among the first foreign banks approved to establish a branch in the Shanghai Free Trade Zone.
Quinn was named head of Asia Pacific commercial banking in 2011. He moved to Hong Kong to take up the role from the UK where he was also head of commercial banking.
He was promoted to the level of group general manager in June 2010. Quinn is a veteran HSBC banker who joined the UK-headquartered bank about 27 years ago.
Quinn joined Forward Trust Group, a subsidiary of Midland Bank, in 1987. He led HSBC’s acquisitions of Swan National Motor Finance and Eversholt Leasing.
He has since taken up postings including head of specialised and equity finance at HSBC, group Director of strategy & development at HSBC Insurance Services North America and head of commercial finance Europe.
Quinn qualified as an accountant with Grant Thornton in 1987. He also studied at Kellogg Graduate School of Management in Chicago and the Royal College of Defence Studies in London.
This article was updated on December 18 to include StanChart's statement.