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Senior appointments in Corporate, Investment Banking and Markets
4 October 2002
As part of the strategy to develop its corporate, investment banking and markets (CIBM) business, HSBC is making four senior appointments in key locations around the world.
Reporting directly to Stephen Green, Executive Director CIBM:
Stuart Gulliver (43) will become Head of Global Markets, effective November 2002. Mr Gulliver, a Group General Manager, is currently Chief Executive for Investment Banking and Markets for the Asia-Pacific region. He will remain in Hong Kong, with his existing responsibilities as well as the new global role, until February 2003, when he will move to London. He will have a worldwide remit, with direct responsibility for all of the Group’s treasury and capital markets activities globally.
Tony Rademeyer (44) will take up the position of Head of CIBM for Asia-Pacific in February 2003, and will be promoted to a Group General Manager. Mr Rademeyer will move to Hong Kong from London, where he is currently Treasurer for HSBC Bank plc, heading Treasury and Capital Markets in Europe.
Brian Robertson (48) will become Head of CIBM for HSBC in North America from March 2003, and will be promoted to a Group General Manager. He moves to New York from Hong Kong, where he is currently Head of Corporate and Institutional Banking for Asia and Co-Head of CIBM Asia-Pacific.
Iain Stewart (44) will take up the new position of Head of Transaction Banking in March 2003. Based in London, with a global remit, the new role will bring together the Group’s activities in payments and cash management, securities, custody, trade finance, bank notes and prime brokerage.
Mr Stewart, a Group General Manager, is currently Head of Investment Banking and Markets at HSBC Securities in the USA.
Commenting on the appointments, Stephen Green said: “Our corporate, investment banking and markets businesses have a top tier position globally and generated some 38 per cent of HSBC’s pre-tax profits last year.
“One of HSBC’s most distinct competitive advantages is the talent and experience of our executives worldwide. These appointments further the strategic integration we began earlier this year. The leadership offered by Stuart, Tony, Brian and Iain, along with the rest of our executive team, positions us even more strongly to extend existing client relationships, and leverage HSBC’s geographic strengths and natural product linkages.”
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