Samarth I HSBC has announced the promotion of Lisa McGeough to the role of CEO for the United States. This appointment is part of a broader leadership overhaul initiated by the bank’s new CEO, Georges Elhedery.
McGeough, who has a distinguished career in banking spanning over three decades, will be responsible for expanding HSBC’s wholesale banking business in the U.S. market. She brings a wealth of experience from her previous roles at Wells Fargo, where she held leadership positions in various areas, including international banking and corporate and investment banking.
Her appointment marks a significant milestone for HSBC, as she becomes the first female CEO in the region in over a decade and only the second woman to hold this position in the bank’s 150-year history.
This leadership change aligns with HSBC’s ongoing transformation efforts, which include a reorganization of its geographic footprint into East and West divisions. The bank aims to streamline its operations, improve efficiency, and capitalize on growth opportunities in key markets.
McGeough’s appointment signals HSBC’s commitment to diversity and inclusion, as well as its focus on attracting and retaining top talent. Her leadership will be crucial in driving the bank’s growth and success in the competitive U.S. market.
