🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

HSBC appoints Kaber Mclean as Australia CEO

Published 23/01/2020, 01:50 pm
HSBC appoints Kaber Mclean as Australia CEO
HSBA
-

Jan 23 (Reuters) - HSBC HSBA.L 0005.HK on Thursday appointed Kaber Mclean as chief executive officer of its Australian unit as the lender seeks to expand its footprint in the region, even as its Hong Kong operations continue to face pressure from anti-government riots.

Mclean, who has been with the bank since 1996, held many senior roles including a stint as president and CEO of HSBC Japan between 2012 and 2016.

Mclean will lead the push into Australian markets as the company aims to expand its share in the region's retail and commercial banking, wealth management and global banking markets, HSBC said.

The lender operates a network of 45 branches and offices in Australia.

The company veteran is set take helm in March and will succeed Martin Tricaud, who left the position for the role of regional CEO of Middle East, North Africa and Turkey operations.

Noel McNamara, who held the role of interim CEO since June 2019, will continue as chief risk officer of the unit once Mclean takes the position, the lender said.

HSBC, whose single most important market is Hong Kong, has come under intense pressure as the months-long often-violent anti-government protests in the region threaten to upset the lender's operations and hit profit. this month, protesters had attacked some of its branches, accusing it of being complicit in action by the authorities against activists trying to raise money to support their campaign.

The lender is set to report its full-year results on Feb. 18.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.