HSBC appoints Lisa McGeough as US CEO

HSBC said on Monday that it has appointed Lisa McGeough as president and chief executive officer for the US, with effect from 1 January.

The bank said McGeough will lead the next phase of growth for the US, overseeing all businesses in the region.

McGeough, who will be based in New York City, will also drive the expansion of the newly integrated wholesale business, corporate and institutional banking, in North America.

She will report to Michael Roberts in his new role as CEO of HSBC Bank, and CEO of corporate and institutional banking. McGeough will be joining as director of HSBC North America management board, and as chair of the HSBC Bank USA management board.

Roberts said: "I am delighted to have Lisa as our next CEO for the US.

"The US remains a critical market for HSBC’s global growth strategy. With Lisa’s leadership, expertise, and deep understanding of our business, I am confident that she will drive our US operations forward, acting as a super-connector between the US and the rest of the world. Together, we will continue to deliver best-in-class products and services to our clients."

McGeough, who joined HSBC in 2021, has more than 35 years of experience in the banking industry. Most recently, she served as the co-head of global banking coverage, with regional responsibility for global banking Europe.

Before joining HSBC, she was at Wells Fargo, where she served most recently as executive vice president and head of International.

Over a 15-year career at Wells, McGeough was also co-head of corporate & investment banking, head of both the financial institutions and industrials groups, and the London-based CEO of Wells Fargo Securities International Limited, responsible for leading investment banking and capital markets activities in EMEA.