HSBC Announces Retirement of Patrick Burke and Appointment of Michael Roberts as President and CEO, HSBC USA
09 July 2019 - 1:30AM
Business Wire
HSBC Holdings plc (‘HSBC’, the ‘Company’ or the ‘Group’)
announces that Patrick Burke will retire from HSBC, to be succeeded
as President and Chief Executive Officer, HSBC USA by Michael
Roberts. The specific retirement and appointment dates in October
will be confirmed in due course.
Pat joined HSBC in 1989, serving as Deputy Director, Mergers and
Acquisitions and Vice President of Strategy and Development. He has
held various senior leadership positions including with HSBC
Finance Corporation (HFC) Bank in the UK, HFC Canada, and HSBC Card
and Retail Services. Prior to his current role, he served as
President and CEO of HFC, where he was also Chairman of the
Board.
Group Chief Executive, John Flint said:
“We are extremely grateful to Pat for his 30 years of highly
professional service and in particular his leadership of HSBC USA.
He has been instrumental in our US turnaround plan and the positive
progress we’ve made. We wish him well for the future.”
Michael joins HSBC after 34 years at Citigroup, where he has
been Chief Lending Officer and Global Head of Corporate Banking and
Capital Management since 2010. He will join as a Group Managing
Director and will report to John Flint, HSBC Group Chief Executive.
He will also sit on the Group Management Board.
Commenting on Michael’s appointment, Group Chief Executive, John
Flint said:
“We are delighted to welcome Michael to HSBC. Michael brings
with him significant international, strategic and regulatory
experience that will prove invaluable in leading the US business
forward.”
Notes to editors:
HSBC Holdings
HSBC Holdings plc, the parent company of HSBC, is headquartered
in London. HSBC serves customers worldwide from offices in 66
countries and territories in our geographical regions: Europe,
Asia, North America, Latin America, and Middle East and North
Africa. With assets of $2,659bn at 31 March 2019, HSBC is one of
the world’s largest banking and financial services
organisations.
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version on businesswire.com: https://www.businesswire.com/news/home/20190708005539/en/
Media enquiries to: Heidi
Ashley +44 (0) 20 7992 2045 heidi.ashley@hsbc.com
Rob Sherman +1 212 525 6901 robert.a.sherman@us.hsbc.com
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