FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the
month of December
HSBC Holdings plc
42nd
Floor, 8 Canada Square, London E14 5HQ, England
(Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F).
Form
20-F X Form 40-F
(Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934).
Yes
No X
(If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
).
HSBC HOLDINGS PLC
SENIOR MANAGEMENT CHANGES
HSBC Holdings plc (the 'Company', and together with its
subsidiaries, the 'Group') announces a number of changes to its
senior management team which will position the Group for the next
phase of its strategy.
Pam Kaur, Head of Wholesale Market and Credit Risk, will be
appointed as Group Chief Risk Officer with effect from 1 January
2020. Marc Moses, an executive Director of the Company, will assist
with a handover of his responsibilities before stepping down from
the Board of Directors (the 'Board') and the role of Group Chief
Risk Officer on 31 December 2019. Marc will continue to provide
support to the Group Chief Executive until he formally retires from
the Group on 9 December 2020. He will receive remuneration and
benefits in line with the terms of his service contract and the
Directors' Remuneration Report as published in the Annual Report
and Accounts.
Samir Assaf will be stepping down as CEO of Global Banking and
Markets ('GB&M') with effect from 1 March 2020. He will take on
a new role as Chairman of Corporate and Institutional Banking.
Georges Elhedery, Head of Global Markets and Greg Guyett, Head of
Global Banking, will become co-heads of GB&M and report
directly to the Group Chief Executive. Both will be members
of the Group Management Board.
Andy Maguire will be retiring as Group Chief Operating Officer with
effect from 30 January 2020. He will leave the Group on 9 June 2020
at the end of his six months' notice period. He supported the
global search for his successor, John Hinshaw, who will be joining
the Group as Group Chief Operating Officer designate on
10 December 2019. Andy will assist with a handover of his
responsibilities until John formally takes on the role with effect
from 1 February 2020. John has an extensive background in
transforming organisations across multiple industries. Most
recently, he served as Executive Vice President of Hewlett Packard
and Hewlett Packard Enterprise, where he managed Technology and
Operations and was the firm's Chief Customer Officer. He has also
served on the Board of Directors of the Bank of New York Mellon for
the past five years and chaired their Technology Committee. John
joins as a Group Managing Director and will report to the Group
Chief Executive. He will also be a member of the Group Management
Board.
Noel Quinn, Group CEO said:
"I'd like to thank each of these individuals for their
extraordinary dedication and commitment to the Bank over many
years. In their respective successors we have talented and capable
individuals that I'm looking forward to working closely with as we
execute plans for the next phase of the Bank."
In accordance with Rule 13.51(2) of the Rules Governing the Listing
of Securities on The Stock Exchange of Hong Kong Limited, the
Company confirms that there are no matters which need to be brought
to the attention of shareholders of the Company in connection with
Marc Moses' retirement from the Board.
For and on behalf of the Board
Aileen Taylor
Group Company Secretary and Chief Governance Officer
Media enquiries to:
Investor enquiries to:
Notes to editors:
1. The Board of Directors of HSBC Holdings plc as at the date of
this announcement comprises: Mark Tucker*, Noel Quinn, Kathleen Casey†,
Laura Cha†, Henri de Castries†, Irene Lee†,
José Meade†, Heidi Miller†, Marc Moses, David
Nish†, Ewen Stevenson, Jonathan Symonds†, Jackson
Tai† and Pauline van der Meer
Mohr†.
* Non-executive Group Chairman
† Independent non-executive Director
2. HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in
London. HSBC serves customers worldwide from offices in 65
countries and territories in Europe, Asia, North America, Latin
America, and the Middle East and North Africa. With assets of
US$2,728bn at 30 September 2019, HSBC is one of the world's largest
banking and financial services organisations.
ends/all
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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HSBC
Holdings plc
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By:
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Name:
Aileen Taylor
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Title:
Group Company Secretary and Chief Governance Officer
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Date:
09 December
2019
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