Appointment of Group Chief Operating Officer

HSBC Holdings plc has appointed Andy Maguire (48) as Group Chief Operating Officer (‘GCOO’) and Group General Manager with effect from 1 December 2014. Andy succeeds Sean O’Sullivan (58), who is retiring as GCOO and Group Managing Director after a distinguished 34-year career at HSBC. Sean will assist with the transition and retire formally in March 2015.

Andy joins HSBC from Boston Consulting Group (‘BCG’), where he is managing partner of the UK and Ireland, and a member of the firm’s global executive committee. Andy has led BCG’s relationship with HSBC since 2010. During his 20 years as a consultant, Andy has worked on several large transformation programmes both in Europe and Asia. He started his career at Lloyds Bank.

Sean was appointed Chief Technology and Services Officer of HSBC Bank plc in 2007 and a Group General Manager in 2010. He was appointed GCOO in January 2011 and a Group Managing Director in August 2011. Sean joined HSBC in his native Canada in 1980.

Media enquiries to:

Heidi Ashley 
+44 (0) 20 7992 2045

Notes to editors:

HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,200 offices in 74 countries and territories in, Asia, Europe, North and Latin America, and the Middle East and North Africa. With assets of US$2,754bn at 30 June 2014, HSBC is one of the world’s largest banking and financial services organisations.

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