HSBC has named Lisa McGeough as President and Chief Executive Officer for its US operations.
McGeough will oversee the bank’s entire US business portfolio and the expansion of its newly consolidated corporate and institutional banking division across North America. She will also chair the HSBC Bank USA management board. At the end of the third quarter of 2024, HSBC USA was carrying US$ 32.6 billion of trading assets of which US$14.35 billion were equity securities, according to a regulatory filing.
In the New York-based role, McGeough reports to Michael Roberts, HSBC Bank CEO and head of corporate institutional banking.
Roberts emphasised the strategic importance of the US market to HSBC’s global growth ambitions. “McGeough’s appointment reinforces our commitment to strengthening HSBC’s role as a key facilitator of international business connections.”
McGeough has more than 30 years of banking experience, HSBC in 2021 and most recently serving as co-head of global banking coverage and overseeing Global Banking Europe. Previously, she held several senior positions at Wells Fargo including executive vice president and head of international, as well as co-head of corporate and investment banking.
Her tenure at Wells Fargo also included leadership of the financial institutions and industrials groups, and a London-based role as CEO of Wells Fargo Securities International, where she managed investment banking and capital markets activities across EMEA.
McGeough expressed optimism about her new role: “The US market presents significant opportunities for HSBC’s continued growth and innovation in financial services.”
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