Pam Kaur, an Indian-origin industry veteran, has made history by becoming HSBC’s first-ever female Chief Financial Officer ( CFO ) in its 160-year existence. She started her career from Ernst & Young as a young Chartered Accountant.
Kaur, who has been with HSBC since 2013, will officially step into her new role on January 1, 2025, replacing interim CFO Jon Bingham. She takes over from Georges Elhedery, who recently transitioned to the role of CEO.
This appointment follows a significant leadership reshuffle for HSBC, which is also streamlining its global operations into four key business units, focusing on Hong Kong, the UK, corporate and institutional banking, and international wealth and premier banking.
Kaur brings a wealth of experience to the position, having served as HSBC’s Group Chief Risk and Compliance Officer since 2020. She has held various senior roles across audit, compliance, finance, and risk management at other global financial institutions, including Citigroup, Lloyd Banking Group, RBS, and Deutsche Bank, before joining HSBC. Her extensive expertise in managing large teams across multiple regions and navigating regulatory environments worldwide makes her well-suited for her new role as CFO.
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Pam Kaur, after completing her BCom (Hons) and MBA in Finance from Panjab University in India, she became a Chartered Accountant with Ernst & Young. She began her career in internal audit at Citibank, steadily rising through the ranks to hold prominent positions in global finance.
With over 38 years of experience, Kaur has consistently demonstrated leadership in both financial and operational management, gaining the respect of her peers and industry leaders.
As HSBC undergoes restructuring to consolidate its commercial banking operations globally, Kaur’s appointment comes at a critical time. Her leadership will help guide the bank through a rapidly changing macroeconomic environment, particularly with the growing influence of technology on financial services.
Despite being 60, an age often associated with career wind-downs, Kaur continues to focus on lifelong learning and adapting to evolving challenges. Kaur’s historic appointment is a milestone for both HSBC and women in leadership.
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