(Reuters) -HSBC Holdings on Tuesday named insider Pam Kaur as its first feminine chief monetary officer, filling a task left vacant following Georges Elhedery’s elevation as CEO earlier this yr.
Chief Danger and Compliance Officer Pam Kaur, 60, joined HSBC in April 2013 as group head of inner audit.
Kaur has beforehand held senior positions at prime world banks, together with Citigroup’s world director of compliance for shopper banking and Deutsche Financial institution’s world head of group audit.
The appointment suits into the 160-year-old lender’s give attention to continuity amid a shift to development from restructuring, within the backdrop of rising dangers related to geopolitical tensions and an finish to rate of interest hikes.
Jon Bingham, interim Group CFO, will resume his position of International Monetary Controller, HSBC stated.
“We had a robust bench of inner and exterior candidates to select from and Pam was the distinctive candidate to advocate to the Board,” HSBC Group Chief Govt, Georges Elhedery, stated in an announcement.