HSBC Appoints Jason Henderson Interim CEO for US Operations

Leadership Transition - HSBC has disclosed a leadership transition in its U.S. operations, with Lisa McGeough stepping down as president and CEO to pursue new opportunities outside the bank [2] - Jason Henderson, the Deputy Head of Banking for the U.S., has been appointed as interim CEO, bringing extensive experience from senior leadership roles across markets and banking in the U.S., U.K., and Canada [3] Background of Leadership Changes - McGeough joined HSBC in 2021 and had 35 years of banking industry experience, previously serving as co-head of global banking coverage for Europe [4] - HSBC emphasized the importance of the U.S. market within its international network and growth strategy [3] Organizational Restructuring - HSBC announced plans to implement a simplified organizational structure starting January 1, 2024, aimed at streamlining decision-making and eliminating redundancies [5] - The bank will reorganize into four distinct business units: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking, reducing its Group Executive Committee from 18 members to a new 12-member Group Operating Committee [5][6]