One UK business bank account giant has recently announced several changes in its current management lineup.
Financial services provider HSBC announced the new changes to its boardoom lineup at the behest of Stuart Gulliver, who will be stepping into the role of group chief executive once Michael Geoghegan leaves the company.
Taking on the role of chief executive for the wealth management and retail savings account banking divisions will be Mr Paul Thurston. Reporting to Mr Gulliver starting next March, Mr Thurston will be based in HSBC’s Hong Kong offices.
Current risk officer for the banking group Brian Robertson is moving into his new role as leader of group operations for both the UK and Euro Zone regions. The bank’s business and retail banking UK divisions will be handled by Mr Joe Garner.
Starting before the end of 2010, the new group chief risk officer for HSBC Holdings will be Mr Marc Moses.
Mr Gulliver released a statement in conjunction with the new appointment announcements, saying that he was delighted to see some of the most internationally experienced and talented of HSBC’s executives take on their new roles and responsibilities in the immediate future.
Adding that there has been a massive creation of wealth within certain emerging markets, Mr Gullier stated that it’s only logical for HSBC to build towards providing its customers with the best global wealth business possible.
Many UK banking institutions are undergoing high-level executive changes in 2011. One such change is the departure of John Varley from his post as chief executive of Barclays, who will be replaced by the current head of Barclays Plc Bob Diamond.
Moreover Eric Daniels, Lloyds Banking Group’s chief executive, recently made the announcement that he will be retiring from the company in 2011.
Mr Daniels, who is fifty nine years old, holds the record of serving the longest as chief executive for a major bank in the UK. He plans to continue to serve in his position until a suitable executive has been found to replace him.