HSBC Australia CEO Martin Tricaud has been promoted to lead the Middle East, North Africa and Turkey region
Martin, who will also be Deputy Chairman of HSBC Bank Middle East Limited, will move to Dubai to lead HSBC’s business in the MENAT region, which contains two of the eight markets worldwide that collectively contribute around 60% of Group revenues, known as HSBC’s Scale Markets.
Martin has been Chief Executive Officer of HSBC Australia since April 2017, overseeing a strategic growth plan to build the bank’s geographic presence, grow the balance sheet and increase market share across the bank’s four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets and Global Private Banking.
Noel McNamara, currently Chief Risk Officer for HSBC Australia, will serve as Acting Chief Executive Officer, HSBC Australia during the recruitment process for Martin’s successor. Noel was formerly HSBC’s Chief Executive Officer in New Zealand from 2011-2015.
Commenting on the appointment, Peter Wong, Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited, said: “I would like to thank Martin for his strong contribution to our Australian business, which under his leadership has grown considerably and last year delivered a record performance.
“Australia is a priority international market for HSBC, with strong economic fundamentals and deep connectivity with geographies including China, the ASEAN region and the US. Our focus now will be to swiftly appoint a successor who will have responsibility for leading the next stage of growth in this important market,” he said.