HSBC Holdings plc has appointed Sean O'Sullivan, 55, a Group Managing Director and Group Chief Operating Officer with effect from 1 August 2011. O'Sullivan will continue to report directly to Stuart Gulliver, Group Chief Executive, and joins the Group Management Board.
O'Sullivan is the executive accountable for improving organisational effectiveness across HSBC. He has been Group Chief Technology and Services Officer (CTSO) since 11 January 2011. He will continue to lead HSBC Technology and Services (HTS), which provides services to HSBC's business areas.
O'Sullivan is a graduate of the Ivey School of Business at the University of Western Ontario, Canada. He joined HSBC in 1980, spending the first 22 years of his career in commercial banking, branch management and executive management positions in Toronto and Vancouver. He served as an Executive Vice President at HSBC USA Inc. in New York City, before moving to HSBC Bank Canada as COO and, in 2007, to London as CTSO for HSBC in the UK.
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HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,598bn at 31 March 2011, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.