Kavita Mahtani Named Chief Financial Officer of HSBC North America Holdings
June 26 2019 - 10:20AM
Business Wire
HSBC today announced the appointment of Kavita Mahtani as Chief
Financial Officer, HSBC North America Holdings Inc. (HNAH).
In this role, she will be responsible for the financial
operations of HNAH and all its subsidiaries, including HSBC USA
Inc. and HSBC Bank USA, N.A., and will oversee the financial
functions of HSBC’s US operations including accounting, regulatory
reporting, stress testing and capital management.
Mahtani also will have oversight of financial functions across
the Americas region. Gerhardt Samwell, CFO for HSBC Bank Canada,
and Martin Peusner, CFO, HSBC Latin America and Mexico, will report
to her.
Based in New York, Mahtani will report to Patrick J. Burke,
President and CEO, HSBC USA, and will join the U.S. Executive
Committee. The appointment is effective Oct. 1, 2019.
“We are focused on improving returns of HSBC’s U.S. operations
through client-centric revenue growth and cost-control and
reinvestment, and as our strategy gains momentum, we need a strong
financial leader,” said Burke. “Kavita’s depth of experience will
help us achieve our financial objectives as we continue to
strengthen client relationships and derive greater value from
HSBC’s global network and universal banking model.”
Mahtani has 25 years of experience in financial services and a
broad strategic knowledge of banking. She joins HSBC from
Citigroup, where she has most recently served as Head of Asset and
Liability Management for Citi Corporate Treasury. She has held a
number of significant strategic roles at Citigroup, including Chief
Financial Officer, Global Corporate & Investment Banking;
Global Head of Financial Planning and Analysis; and Director,
Investor Relations. Before joining Citigroup in 2006, she held key
roles at Merrill Lynch and Morgan Stanley.
Mahtani received a Bachelor of Science degree in Economics from
the Wharton School of the University of Pennsylvania and an MBA
from the University of Chicago. She is on the Board of Directors of
Pratham USA’s Tri-State Chapter, a member of the Council on Foreign
Relations and active in a number of charitable organizations in New
York City.
Note to editors:
ABOUT HSBC
HSBC North America Holdings Inc. is the holding company
for HSBC Holdings plc's operations in the United States. The
company’s businesses serve customers in the following key areas:
retail banking and wealth management, commercial banking, private
banking, and global banking and markets.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.)
serves customers through retail banking and wealth management,
commercial banking, private banking, and global banking and markets
segments. It operates bank branches in: California; Connecticut;
Washington, D.C.; Florida; Maryland; New Jersey; New York;
Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the
principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of
HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of
FDIC. Investment and brokerage services are provided through HSBC
Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance
products are provided through HSBC Insurance Agency (USA) Inc.
HSBC USA Inc. ("HUSI") is a Maryland corporation and its
principal business is to act as a holding company for its
subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA,
N.A. and its subsidiaries, HUSI offers a full range of traditional
banking products and services to individuals, including high net
worth individuals, small businesses, corporations, institutions and
governments. HUSI is a wholly-owned subsidiary of HSBC North
America Holdings Inc.
HSBC Holdings plc is headquartered in London. HSBC serves
customers worldwide from offices in 66 countries and territories in
our geographical regions: Europe, Asia, North America, Latin
America, and Middle East and North Africa. With assets of $2,659bn
at 31 March 2019, HSBC is one of the world’s largest banking and
financial services organisations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190626005518/en/
Media enquiries to: Rob Sherman (212) 525-6901
robert.a.sherman@us.hsbc.com US Head of Media Relations HSBC
HSBC (NYSE:HSBC)
Historical Stock Chart
From Mar 2024 to Apr 2024
HSBC (NYSE:HSBC)
Historical Stock Chart
From Apr 2023 to Apr 2024