The Hongkong and Shanghai Banking Corporation has appointed a new chief executive officer for New Zealand.
A report in the «New Zealand Herald» names Chris Russell as the new CEO for the London headquartered banking group.
Russell has been working for HSBC since 2005 and joins its New Zealand business from HSBC in Australia where he was head of banking, prior to which he was director, multinationals, Australia.
Local Banking Requirements
Russell will report to Jayant Rikhye, Group General Manager, Head of International Asia Pacific and Head of Strategy and Planning, Asia Pacific.
«HSBC has been operating in New Zealand since 1987 and the new appointment will ensure HSBC continues building its business by connecting our internationally-focused client base to opportunities abroad, and supporting their global and local banking requirements,» said Jayant Rikhye.
New Role as Chief Risk Officer
Russell replaces Noel McNamara, the bank’s Chief Executive Officer in New Zealand since 2011, who will now take up the role of Chief Risk Officer of HSBC in Australia.
