LONDON : HSBC’s CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday, as part of a major shake-up in its leadership team on the eve of Georges Elhedery’s accession to CEO.
Hong-Kong-based Matos, who joined HSBC in 2015, was among the internal candidates in the running to take over from Noel Quinn as group CEO, before the board appointed chief financial officer Elhedery last month, sources told Reuters at the time.
Matos was a member of the bank’s 18-strong group executive committee and has served in several of its largest regions, including Europe and Latin America.
Barry O’Byrne, Chief Executive Officer, Global Commercial Banking (CMB), will suceed Matos.
John Hinshaw, HSBC group chief operating officer, has also decided to leave the group to pursue other opportunities, the bank said.
(Reporting By Sinead Cruise; Editing by Tommy Reggiori Wilkes)
Source: CNA
