HSBC today announced that Kaber Mclean has been appointed Chief Executive Officer of HSBC Bank Australia Limited (“HSBC”), with effect from 1 March 2020 and subject to regulatory and immigration approvals. He will also join HSBC Australia’s Board as an Executive Director.
In his new role, Kaber will have responsibility for leading HSBC’s next phase of growth in Australia as it seeks to continue expanding market share and revenues across Retail Banking and Wealth Management, Commercial Banking and Global Banking and Markets.
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He succeeds Noel McNamara, who has been Interim Chief Executive Officer since June 2019. Noel will continue as Chief Risk Officer, HSBC Australia, once Kaber takes up his position.
Kaber joined HSBC in 1996 and has held senior leadership roles across the Asia-Pacific, North American and European regions, with extensive experience in its Global Banking and Markets business. He was President and Chief Executive Officer of HSBC Japan between 2012 and 2016, and more recently has held regional roles including Head of Wholesale Credit and Market Risk, Asia-Pacific and Head of Remediation Office, Asia-Pacific.
HSBC has commenced a new three-year strategic plan for Australia that aims to capture growth opportunities across its universal banking model, building scale in retail banking and increasing wholesale banking revenues by tapping a greater share of international business activity, targeting growth sectors of the economy and addressing growing demand for sustainable finance.
Kaber Mclean has been appointed CEO of HSBC Australia with effect from 1 March 2020
Commenting on the appointment, Peter Wong, Deputy Chairman and Chief Executive of The Hongkong and Shanghai Banking Corporation Limited, said: “I am delighted that Kaber will be leading our Australian business, which is a priority international market for HSBC. We have strong growth ambitions in Australia, and Kaber brings the right breadth of experience, strong leadership capabilities and deep knowledge of our international network.
“I would also like to thank Noel for his significant contribution over the past eight months, and for the exceptional leadership he has showed during an important period for the bank,” Peter said.