30 March 2005
Dyfrig John is to become Deputy Chief Executive Officer of HSBC Bank plc with effect from 9 May 2005. Currently Chief Operating Officer, he will continue as an executive Director of the bank.
As Deputy Chief Executive Officer, Mr John (pictured left) will assume responsibility for the UK branch network, commercial banking and the bank’s award-winning direct businesses. He will continue to report to Michael Geoghegan, Chief Executive Officer of HSBC Bank plc and an Executive Director of HSBC Holdings plc.
Succeeding Mr John as Chief Operating Officer of HSBC Bank plc will be David Budd who returns to the UK from Argentina where he is currently President and Chief Executive Officer of HSBC Bank Argentina S.A. Mr Budd has previously served as General Manager, UK Central Division, for HSBC Bank plc, based in London.
Both appointments are subject to board and regulatory approval.
"We continue to organise our bank around our customers and to achieve growth," said Michael Geoghegan. "The new role of Deputy CEO brings together all channels of distribution, centred around Personal and Commercial customers, whether they interface with us through the branch network, the call centres or on the Net. Our customers tell us that we are already delivering the best service of any major bank and we intend to capitalise on this as a modern retailer, focusing on quality relationships supported by easy to understand, good value products delivered in the most convenient way."
