Rachel Lomax joined the HSBC Board of Directors in 2008 and was appointed Senior Independent Director in April 2015. She has experience in the public and private sectors, plus a deep knowledge of the operations of the UK government and financial system.
Her previous appointments include Deputy Governor, Monetary Stability, at the Bank of England (BoE) and a member of the BoE’s Monetary Policy Committee; Permanent Secretary at the UK Government Departments for Transport and Work and Pensions and the Welsh Office; Vice President and Chief of Staff to the President of the World Bank, President of the Institute of Fiscal Studies; Chairman of the International Regulatory Strategy Group and director of TheCityUK. She was also a non-executive director of Reinsurance Group of America Inc. and The Scottish American Investment Company plc.
Ms Lomax is currently a director of Bruegel, a Brussels-based European think tank; non-executive director of Arcus European Infrastructure Fund GP LLP and Heathrow Airport Holdings Limited; member of the Council of Imperial College, London and trustee of the Ditchley Foundation. She is also a non-executive director and chairman of the corporate responsibility committee of Serco Group.
Independent non-executive Director, Chairman of the Philanthropic & Community Investment Oversight Committee, and member of the Nomination Committee and the Conduct & Values Committee