HSBC shuffles country CEOs

HSBC announces 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.

Wick Veloso is to become the first Filipino to be appointed chief executive officer of HSBC Philippines, effective December 24.

He is currently managing director and head of HSBC global banking and markets in the Philippines and has 26 years of 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.

Veloso is replacing Tony Cripps, who will become the Australia CEO of HSBC Bank on December 24.

Cripps returns to Australia with more than 25 years of experience working with HSBC globally. Cripps started 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.

Cripps is succeeding Paulo Maia, who has been the bank’s Australia CEO since 2009 and is now taking on the CEO role in Canada, effective January 7. Previously, Maia held a variety of senior positions in Brazil, including executive director of each of the bank’s main business lines, and then deputy chief executive officer. Maia joined HSBC in 1993.

Maia is succeeding Lindsay Gordon, who will retire as president and chief executive of HSBC Bank Canada after more than 25 years with the group. Gordon will be appointed to the board of directors of HSBC France.

Commenting on these appointments, Stuart Gulliver, group chief executive of HSBC, said in a press release: “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.”

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

¬ Haymarket Media Limited. All rights reserved.
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