Iain Mackay was appointed as Group Finance Director of HSBC Holdings plc in December 2010. A chartered accountant, Mr Mackay joined HSBC in July 2007.
He initially served as Chief Financial Officer of HSBC North America Holdings Inc, where he was instrumental in the restructuring of HSBC’s consumer finance business.
From September 2009 until his appointment to the Board as Group Finance Director, Mr Mackay was Chief Financial Officer, Asia-Pacific, of HSBC Holdings plc.
Before joining HSBC, Mr Mackay worked at General Electric in the US from 1996 to 2007. He joined GE as Controller of the Global Consumer Finance unit, which specialised in providing credit cards and personal loans. He then became Chief Financial Officer of GE Consumer Finance – Americas, then Chief Financial Officer of GE Healthcare – Global Diagnostic Imaging.
From 1990 to 1996, Mr Mackay was with Schlumberger Dowell, working in the finance and audit divisions. He also held the roles of Regional Finance Director for Europe/Africa and for South-East Asia. During the early part of his career, Mr Mackay also worked for PriceWaterhouse in New York and Paris, as well as at Thomson McLintock, KMG in the UK.
Mr Mackay is Chairman of the Audit and Risk committee and a member of the Board of Trustees of the British Heart Foundation.
He holds an MA in Business Studies and Accounting from Aberdeen University in Scotland.
Independent non-executive Director, member of the Group Risk Committee
Independent non-executive Director, member of the Group Audit Committee and the Financial System Vulnerabilities Committee