Interim Report - 20 of 26

RNS Number : 1293M

HSBC Holdings PLC

12 August 2011

 



Directors

D J Flint, CBE, Group Chairman

Age 56. Group Chairman and chairman of the Nomination Committee since December 2010. Joined HSBC as Group Finance Director in 1995 and served as Chief Financial Officer, Executive Director, Risk and Regulation from February 2010 to December 2010. A director of The Hong Kong Association since 6 February 2011. Former appointments include: a non-executive director of BP p.l.c. from 2005 to 14 April 2011; co-chairman of the Counterparty Risk Management Policy Group III in 2008; chairman of the Financial Reporting Council's review of the Turnbull Guidance on Internal Control in 2004; member of the Accounting Standards Board; member of the Standards Advisory Council of the International Accounting Standards Board from 2001 to 2004; served on the Large Business Forum on Tax and Competitiveness and the Consultative Committee of the Large Business Advisory Board of HM Revenue and Customs; and a former partner in KPMG.

Mr Flint has extensive governance experience gained through membership of the Boards of HSBC and BP as well as considerable knowledge of finance and risk management in banking, multinational financial reporting, treasury and securities trading operations. In 2006 he was honoured with a CBE in recognition of his services to the finance industry. He is a member of the Institute of Chartered Accountants of Scotland and the Association of Corporate Treasurers and he is a Fellow of The Chartered Institute of Management Accountants.

S T Gulliver, Group Chief Executive 

Age 52. Group Chief Executive and chairman of the Group Management Board since 1 January 2011. An executive Director since 2008. Joined HSBC in 1980. Appointed a Group General Manager in 2000 and a Group Managing Director in 2004. Chairman of The Hongkong and Shanghai Banking Corporation Limited since 1 January 2011. Chairman of HSBC France and of HSBC Private Banking Holdings (Suisse) SA. Former appointments include: Deputy chairman of HSBC Trinkaus & Burkhardt AG and a member of its Supervisory Board from 2006 until 7 June 2011; Chairman, Europe, Middle East and Global Businesses from April 2010 to December 2010; Chairman of HSBC Bank plc from April 2010 to December 2010; HSBC Bank Middle East Limited from February 2010 to December 2010; Head of Global Banking and Markets from 2006 to 2010 and co-head from 2003 to 2006; Head of Global Markets from 2002 to 2003; and Head of Treasury and Capital Markets in Asia-Pacific from 1996 to 2002.

Mr Gulliver is a career banker with over 30 years' international experience with HSBC. He has held a number of key roles in the Group's operations worldwide, including in London, Hong Kong, Tokyo, Kuala Lumpur and the United Arab Emirates. He played a leading role in developing and expanding Global Banking and Markets, the wholesale banking division of the Group with operations in over 65 countries and territories.

† S A Catz

Age 49. President and Chief Financial Officer of Oracle Corporation. A non-executive Director since 2008. Managing Director of Donaldson, Lufkin & Jenrette from 1997 to 1999. Joined Oracle in 1999 and appointed to the Board of Directors in 2001.

Ms Catz brings to the Board a background in international business leadership, having helped transform Oracle into the largest producer of business management software and the world's leading supplier of software for information management.

†  L M L Cha, GBS

Age 61. Non-executive Deputy Chairman of The Hongkong and Shanghai Banking Corporation Limited. A non-executive Director since 1 March 2011 and a member of the Corporate Sustainability Committee since 3 May 2011. A non-official member of the Executive Council of Hong Kong SAR. Director of Hong Kong Exchanges and Clearing Limited, Tata Consultancy Services Limited and China Telecom Corporation Limited. Chairman of the ICAC Advisory Committee on Corruption and of the University Grants Committee in Hong Kong. Vice‑chairman of the International Advisory Council of the China Securities Regulatory Commission and a Hong Kong delegate to the 11th National People's Congress of China. A member of the Advisory Board of the Yale School of Management, and Millstein Center of Corporate Governance and Performance at Yale University and a Senior International Advisor for Foundation Asset Management Sweden AB. Former appointments include: a non-executive director of Bank of Communications Co., Ltd., Baoshan Iron and Steel Co. Limited and Johnson Electric Holdings Limited. A member of the State Bar of California. She was awarded a Silver Bauhinia Star in 2001 and a Gold Bauhinia Star in 2009 by the Hong Kong Government for her public service.

Mrs Cha brings to the Board extensive regulatory and policy making experience in the finance and securities sector in Hong Kong and mainland China. Mrs Cha was Vice Chairman of the China Securities Regulatory Commission ('CSRC') from 2001 to 2004. She was appointed to the post by the State Council and became the first person outside mainland China to join the Central Government of the People's Republic of China at the vice-ministerial rank. Prior to her post at the CSRC, Mrs Cha worked in the Securities and Futures Commission in Hong Kong from 1991 to 2000, becoming its Deputy Chairman in 1998. During her career she has worked in the US and Asia.

†  M K T Cheung, GBS, OBE

    Age 63. Non-executive chairman of the Airport Authority Hong Kong. A non-executive Director since 2009 and a member of the Group Audit Committee since March 2010. A non-executive director of Hang Seng Bank Limited and HKR International Limited. A non-official member of the Executive Council of the Hong Kong SAR. Non-executive chairman of the Council of the Hong Kong University of Science and Technology. A director of The Association of Former Council Members of The Stock Exchange of Hong Kong Limited and The Hong Kong International Film Festival Society Limited. Former appointments include: a non-executive director of Sun Hung Kai Properties Limited and Hong Kong Exchanges and Clearing Limited; Chairman and Chief Executive Officer of KPMG Hong Kong; and a Council Member of the Open University of Hong Kong. Awarded the Gold Bauhinia Star by the Hong Kong Government in 2008.

Dr Cheung brings to the Board a background in international business and financial accounting, particularly in greater China and the wider Asian economy. He retired from KPMG Hong Kong in 2003 after more than 30 years' distinguished service with the firm. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

†  J D Coombe

    Age 66. Non-executive chairman of Hogg Robinson Group plc. A non-executive Director since 2005 and chairman of the Group Audit Committee since July 2010. A member of the Remuneration Committee and, since February 2010, the Group Risk Committee. A non-executive director of Home Retail Group plc, council member of The Royal Academy of Arts and a Trustee of the Royal Academy Trust. Former appointments include: executive director and Chief Financial Officer of GlaxoSmithKline plc; non-executive director of GUS plc; a member of the Supervisory Board of Siemens AG; chairman of The Hundred Group of Finance Directors; and a member of the Accounting Standards Board.

Mr Coombe brings to the Board a background in international business, financial accounting and the pharmaceutical industry. As Chief Financial Officer of GlaxoSmithKline he had responsibility for the Group's financial operations globally. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

†  R A Fairhead

Age 49. Chairman, Chief Executive Officer and a director of Financial Times Group Limited. A non-executive Director since 2004. Chairman of the Group Risk Committee since February 2010. A member of the Group Audit Committee, having ceased to be chairman in July 2010. A member of the Nomination Committee. A director of Pearson plc and a non-executive director of The Economist Newspaper Limited. A non-executive member of the board of the UK Government's Cabinet Office. Former appointments include: Executive Vice President, Strategy and Group Control of Imperial Chemical Industries plc; Finance Director of Pearson plc; and chairman and a director of Interactive Data Corporation.

Mrs Fairhead brings to the Board a background in international industry, publishing, finance and general management. As the former Finance Director of Pearson plc she oversaw the day to day running of the finance function and was directly responsible for global financial reporting and control, tax and treasury. She has a Master's in Business Administration from the Harvard Business School.

A A Flockhart, CBE

Age 59. Chairman, Europe, Middle East, Africa, Latin America, Commercial Banking and Chairman of HSBC Bank plc since 1 January 2011. An executive Director since 2008. Joined HSBC in 1974. Appointed a Group General Manager in 2002 and a Group Managing Director in 2006. Chairman of HSBC Latin America Holdings (UK) Limited and a director of HSBC Bank Australia Limited and HSBC Bank Middle East Limited since 7 July 2011. Former appointments include: Chief Executive Officer of The Hongkong and Shanghai Banking Corporation Limited from 2007 to February 2010; a director of Hang Seng Bank Limited; President and Group Managing Director Latin America and the Caribbean; Chief Executive Officer, Mexico; Senior Executive Vice-President, Commercial Banking, HSBC Bank USA, N.A.; Managing Director of The Saudi British Bank; Chairman, Personal and Commercial Banking and Insurance; and a member of the Visa Asia Pacific Senior Advisory Council, Visa Inc.

Mr Flockhart is a career banker, being an emerging markets specialist with over 35 years' experience with HSBC across Latin America, the Middle East, US and Asia. In 2007 he was honoured with a CBE in recognition of his services to British business and charitable services and institutions in Mexico.

†  J W J Hughes-Hallett,SBS

Age 61. Chairman of John Swire & Sons Limited. A non-executive Director since 2005. A member of the Nomination Committee and, since February 2010, of the Group Risk Committee. A non-executive director and former chairman of Cathay Pacific Airways Limited and Swire Pacific Limited. A trustee of the Dulwich Picture Gallery and the Esmée Fairbairn Foundation. A member of The Hong Kong Association and the Governing Board of the

Courtauld Institute of Art. A former member of the Group Audit Committee and a non-executive director of The Hongkong and Shanghai Banking Corporation Limited from 1999 to 2004. Awarded the Silver Bauhinia Star by the Hong Kong Government in 2004.

Mr Hughes-Hallett brings to the Board a background in financial accounting and the management of a broad range of businesses in a number of international industries, including aviation, insurance, property, shipping, manufacturing and trading in the Far East, UK, US and Australia. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

†  W S H Laidlaw

    Age 55. Chief Executive Officer of Centrica plc. A non-executive Director since 2008. A member of the Remuneration Committee. A member of the UK Prime Minister's Business Advisory Group and the Lead Non-executive Board Member of the Department for Transport. Former appointments include Executive Vice President of Chevron Corporation; a non-executive director of Hanson PLC; Chief Executive Officer of Enterprise Oil plc; and President and Chief Operating Officer of Amerada Hess Corporation.

Mr Laidlaw brings to the Board significant international experience, particularly in the energy sector, having had responsibility for businesses in four continents. He has a Master's in Business Administration from INSEAD.

† J R Lomax

    Age 66. Former Deputy Governor, Monetary Stability, at the Bank of England and a member of the Monetary Policy Committee. A non-executive Director since 2008. A member of the Group Audit Committee since 2009 and of the Group Risk Committee since February 2010. A non-executive director of The Scottish American Investment Company PLC, Reinsurance Group of America Inc., Arcus European Infrastructure Fund GP LLP and BAA Limited. A director of the Council of Imperial College, London and a member of the Board of the Royal National Theatre. President of the Institute of  Fiscal Studies. Former appointments include: Deputy Governor of the Bank of England; Permanent Secretary at the UK Government Departments for Transport and Work and Pensions and the Welsh Office; and Vice President and Chief of Staff to the President of the World Bank.

Ms Lomax brings to the Board business experience in both the public and private sectors and a deep knowledge of the operation of the UK government and the financial system.

I J Mackay, Group Finance Director

Age 49. An executive Director since December 2010. Joined HSBC in 2007. A Director of Hang Seng Bank Limited until December 2010. Chief Financial Officer, Asia Pacific from 2009 to December 2010 and Chief Financial Officer, North America from 2007 to 2009. Former appointments include: Vice President and Chief Financial Officer of GE Consumer Finance and Vice President and Chief Financial Officer of GE Healthcare - Global Diagnostic Imaging.

Mr Mackay has extensive financial and international experience. He has worked in London, Paris, US and Asia. He is a member of the Institute of Chartered Accountants of Scotland.

†  G Morgan, CM

    Age 65. Non-executive Chairman of SNC-Lavalin Group Inc. A non-executive Director since 2006. A member of the Remuneration Committee. A member of the Board of Trustees of The Fraser Institute and the Manning Centre for Building Democracy. A non-executive director of HSBC Bank Canada from 1996 to 2006. Former appointments include Founding President, Chief Executive Officer and Vice Chairman of EnCana Corporation; director of Alcan Inc.; and director of Lafarge North America, Inc.

Mr Morgan brings to the Board a background in technical, operational, financial and management positions and has led large international companies in the energy and engineering sectors. He has been recognised as Canada's most respected Chief Executive Officer in a national poll of Chief Executives. He is currently a business columnist for Canada's largest national newspaper. He was appointed a Member of the Order of Canada in December 2010 for his contributions as a business and community leader and as a philanthropist.

†  N R N Murthy, CBE

    Age 64. Chairman and Chief Mentor and former Chief Executive Officer of Infosys Limited. A non-executive Director since 2008. Chairman of the Corporate Sustainability Committee since May 2010. A director of the United Nations Foundation. Former appointments include: a director of Unilever plc and a non-executive director of DBS Group Holdings Limited, DBS Bank Limited and New Delhi Television Limited.

Mr Murthy brings to the Board experience in information technology, corporate governance and education, particularly in India. He founded Infosys Limited in India in 1981 and was its Chief Executive Officer for 21 years. Under his leadership, Infosys established a global footprint and was listed on NASDAQ in 1999. During his career he has worked in France and India.

†  Sir Simon Robertson, Deputy Chairman, senior independent non-executive Director

    Age 70. Non-executive chairman of Rolls-Royce Group plc and the founder member of Simon Robertson Associates LLP. A non-executive Director since 2006. Senior independent non-executive Director since 2007 and Deputy Chairman since December 2010. A member of the Nomination Committee. A non-executive director of Berry Bros. & Rudd Limited, The Economist Newspaper Limited and Royal Opera House Covent Garden Limited. A trustee of the Eden Project Trust and of the Royal Opera House Endowment Fund. Former appointments include: Managing Director of Goldman Sachs International and chairman of Dresdner Kleinwort Benson.

Sir Simon brings to the Board a background in international corporate advisory with a wealth of experience in mergers and acquisitions, merchant banking, investment banking and financial markets. During his career he has worked in France, Germany, the UK and the US. In June 2010, he was honoured with a knighthood in recognition of his services to business.

†  J L Thornton

    Age 57. A non-executive Director since 2008. Chairman of the Remuneration Committee since May 2010. Non-executive chairman and a director of HSBC North America Holdings Inc. since 2008. Professor and director of the Global Leadership Program at the Tsinghua University School of Economics and Management. Chairman of the Brookings Institution Board of Trustees. A non-executive director of Ford Motor Company, News Corporation, Inc. and China Unicom (Hong Kong) Limited. A director of National Committee on

United States-China Relations and a Trustee of Asia Society, China Institute, The China Foreign Affairs University, the Palm Beach Civic Association and the United World College of East Africa Trust. A member of the Council on Foreign Relations, the China Securities Regulatory Commission International Advisory Committee and China Reform Forum International Advisory Committee. Former appointments include: a non-executive director of Industrial and Commercial Bank of China Limited; Intel Corporation, Inc.; and President of the Goldman Sachs Group, Inc.

Mr Thornton brings to the Board experience that bridges developed and developing economies and the public and private sectors. He has a deep knowledge of financial services and education systems, particularly in Asia. During his 23 year career with Goldman Sachs, he played a key role in the firm's global development and was Chairman of Goldman Sachs Asia.

† Sir Brian Williamson, CBE

    Age 66. A non-executive Director since 2002. A member of the Nomination Committee, having ceased to be its chairman in February 2010. A director of NYSE Euronext. Former appointments include: chairman of Electra Private Equity plc, London International Financial Futures and Options Exchange and Gerrard Group plc; a director of Climate Exchange plc; and a non-executive director of Resolution plc, the Financial Services Authority and the Court of The Bank of Ireland.

Sir Brian brings to the Board extensive experience in money and bond markets, insurance, private equity, futures, options and commodities trading internationally. He established the London International Financial Futures and Options Exchange in the 1980s and led the Exchange's development of its electronic trading platform in the mid-1990s. He was the first chairman of Resolution plc, established to consolidate life assurance business in the UK. He is a member of the Guild for International Bankers.

†  Independent non-executive Director

Secretary

R G Barber

Age 60. Group Company Secretary since 1986. Appointed a Group General Manager in 2006. Joined HSBC in 1980. Company Secretary of HSBC Holdings plc since 1990. Chairman of the Disclosure Committee. A member of the Listing Authority Advisory Committee of the Financial Services Authority and of the Primary Markets Group of the London Stock Exchange. Former appointments include: Corporation Secretary of The Hongkong and Shanghai Banking Corporation Limited and Company Secretary of HSBC Bank plc.

Adviser to the Board

D J Shaw

Age 65. An Adviser to the Board since 1998. Solicitor. A former partner in Norton Rose. A director of HSBC Bank Bermuda Limited, HSBC Private Banking Holdings (Suisse) SA and HSBC Private Bank (Suisse) SA. An independent non-executive director of Kowloon Development Company Limited and Shui On Land Limited.

Group Managing Directors

A Almeida

Age 55. Group Head of Human Resources and Corporate Sustainability. A Group Managing Director since 2008. Joined HSBC in 1992. Appointed a Group General Manager in 2007. Former appointments include: Global Head of Human Resources for Global Banking and Markets, Global Private Banking, Global Transaction Banking and HSBC Amanah.

E Alonso

Age 56. Group Managing Director and Head of HSBC Latin America and the Caribbean. A Group Managing Director since 2008. Joined HSBC in 1997. Appointed a Group General Manager in 2006. Chairman of Grupo Financiero HSBC, S.A. de C.V., HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC and HSBC Bank (Panamá) S.A. Chief Executive Officer and a director of HSBC Latin America Holdings (UK) Limited and director of HSBC Argentina Holdings S.A. Former appointments include: director of HSBC Bank Brasil S.A. - Banco Múltiplo; Managing Director of HSBC Serviços e Participaçoes Ltda; and HSBC (Brasil) Administradora de Consorcio Ltda.

S Assaf

Age 51. Chief Executive, Global Banking and Markets. A Group Managing Director since 1 January 2011. Joined HSBC France in 1994. Appointed a Group General Manager in 2008. A director of HSBC Bank Egypt S.A.E. Ceased to be a director of HSBC Global Asset Management Limited on 24 June 2011. Former appointments include: Head of Global Markets and Head of Global Markets for Europe, Middle East and Africa.

R E T Bennett

Age 59. Group General Counsel. A Group Managing Director since 3 May 2011. Joined HSBC in 1979. Appointed a Group General Manager in 1998. A director of HSBC Finance (Netherlands) and HSBC IM Pension Trust Limited. Former appointments include: Head of Group Legal & Compliance and Head of Legal & Compliance, Asia Pacific.

N S K Booker

Age 52. Chief Executive Officer, HSBC North America Holdings Inc. A Group Managing Director since August 2010. Joined HSBC in 1981. Appointed a Group General Manager in 2004. Chairman of HSBC Bank USA, National Association, HSBC Financial Corporation and HSBC USA Inc. A director of HSBC North America Holdings Inc. and HSBC Bank Canada. Former appointments include: Chief Executive Officer of HSBC Finance Corporation; Deputy Chairman and Chief Executive Officer of HSBC Bank Middle East Limited; and Chief Executive Officer, India.

A M Keir

Age 52. Global Head of Commercial Banking. A Group Managing Director since 1 January 2011. Joined HSBC in 1981. Appointed a Group General Manager in 2006. Ceased to be a director of HSBC Bank A.S. on 1 April 2011. Former appointments include: Group General Manager, Commercial Banking, Europe; Global Co‑Head, Global Commercial Banking; and Global Co-Head of the Group's commercial banking activities.

M M Moses

Age 53. Group Chief Risk Officer. A Group Managing Director since December 2010. Joined HSBC in 2005. Appointed a Group General Manager in May 2010. A director of HSBC Insurance (Bermuda) Limited. Former appointments include: Chief Financial and Risk Officer, Global Banking and Markets.

S P O'Sullivan

Age 55. Chief Operating Officer. Appointed a Group Managing Director with effect from 30 July 2011. Joined HSBC in 1980. Appointed Group General Manager and Chief Technology and Services Officer, UK in January 2010 and Group Chief Technology and Services Officer from 11 January 2011. Former appointments include: Chief Operating Officer (UK), Chairman of HSBC Securities (Canada) Inc. and HSBC Trust Company (UK) Limited; Chief Operating Officer (Canada); and a director of HSBC Bank plc, HFC Bank Limited and Marks and Spencer Financial Services plc.

B Robertson

Age 57. Chief Executive, HSBC Bank plc. A Group Managing Director since 2008. Joined HSBC in 1975. Appointed a Group General Manager in 2003. Chairman of HSBC Life (UK) Limited and a director of HSBC Bank plc. Former appointments include: Group Chief Risk Officer; Group General Manager, Group Credit and Risk; and Head of Global Banking and Markets for North America.

P A Thurston

Age 57. Chief Executive, Retail Banking and Wealth Management. A Group Managing Director since 2008. Joined HSBC in 1975. Appointed a Group General Manager in 2003. A director of HSBC Bank plc. A director of HSBC Private Banking Holdings (Suisse) SA since 21 March 2011 and of The Hongkong and Shanghai Banking Corporation Limited since 20 April 2011. Former appointments include: Chief Executive of HSBC Bank plc and Chairman of HSBC Life (UK) Limited.

P T S Wong

Age 59. Chief Executive, The Hongkong and Shanghai Banking Corporation Limited. A Group Managing Director since February 2010. Joined HSBC and appointed a Group General Manager in 2005. Chairman of HSBC Bank (China) Company Limited since 17 June 2011 and of HSBC Bank Malaysia Berhad. Vice Chairman of HSBC Bank (Vietnam) Ltd. A non-executive director of Hang Seng Bank Limited, Bank of Communications Co., Ltd and Ping An Insurance (Group) Company of China, Ltd. An independent non-executive director of Cathay Pacific Airways Limited. Former appointments include: a director of HSBC Bank Australia Limited.

 

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