Brief by Shorts91 Newsdesk / 05:18pm on 22 Oct 2024,Tuesday Business
Pam Kaur has been appointed as HSBC Holdings' Chief Financial Officer, making her the first female in the role in the bank’s 160-year history. Kaur, 60, joined HSBC in 2013 as Group Head of Internal Audit and later served as Chief Risk and Compliance Officer. She replaces Georges Elhedery, who became CEO earlier this year. HSBC’s CEO praised her as the “exceptional candidate” for the position. Kaur’s extensive experience spans multiple global financial institutions, including Citigroup, Deutsche Bank, and Royal Bank of Scotland. HSBC will also streamline its operations into four distinct units beginning January 1, 2025.
