The former co-chief executive of hedge fund Bridgewater Associates joins HSBC in the midst of a turbulent period of time.
Eileen Murray joins HSBC’s board as an independent director, according to a statement, after stepping down from Bridgewater Associates earlier this year.
Murray is one of the highest-ranking females in the hedge fund industry and has worked with Bridgewater Associates since 2009. Previously, she had also held various positions with the likes of Morgan Stanley and Credit Suisse.
Highly Sought After
Credentials aside, Murray was sought after by multiple firms for leadership roles before joining HSBC’s board. Murray was reportedly in contact with Wells Fargo for a CEO position and Uber for another senior role. Just earlier this week, Murray was also unanimously elected as the chairwoman of Finra, a self-regulatory organization for the U.S. securities industry.
At HSBC, Murray will be receiving £244,000 (US$302,295) a year in her new role which is subject to election by shareholders at the next annual general meeting.
«I am absolutely delighted to welcome Eileen,» added Mark Tucker, HSBC’s chairman, in the statement. «Her wealth of experience across banking and finance, together with her extensive knowledge of financial technologies and corporate strategy, will bring an invaluable perspective to the board.»
