HSBC Appoints Eileen Murray as an Independent Non-Exec Director

Murray’s new position took effect on the 1st of July 2020.

HSBC Holdings plc recently announced that it has appointed Eileen K Murray as an independent non-executive Director of the Company, effective from Wednesday the 1st of July, 2020. 

In addition to being an independent Director of HSBC, Murray has also been named as a member of the Group Audit Committee, Group Risk Committee and the Nomination & Corporate Governance Committee. 

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Eileen Murray joins HSBC from Bridgewater Associates

Murray brings more than four decades worth of experience in financial services. Recently, she was elected designate Chair of the Financial Industry Regulatory Authority (FINRA), a self-regulated organisation governing US financial securities firms. 

Most recently, Murray was the Co-CEO of Bridgewater Associates, LP, an American investment management firm. Prior to this role, she was the CEO for Investment Risk Management LLC and President and Co-CEO of Duff Capital Advisor

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Commenting on the appointment, HSBC’s Group Chairman, Mark Tucker, said in the statement on Wednesday: “I am absolutely delighted to welcome Eileen. Her wealth of experience across banking and finance, together with her extensive knowledge of financial technologies and corporate strategy, will bring an invaluable perspective to the Board.” 

Murray began her career in 1984 when she joined Morgan Stanley. During her time with the multinational investment bank, she held a number of senior positions. This ranged from Controller, Treasurer, and Global Head of Technology and Operations. She was also the Chief Operating Officer for the firm’s Institutional Securities Group.

Between 2002 and 2004 Murray was the Head of Global Technology, Operations and Product Control at Credit Suisse. Whilst here, she served on the bank’s management and executive board. 

“The Directors have determined that Ms Murray is independent. In making that determination, the Directors have concluded that there are no other relationships or circumstances which are likely to affect her judgement and that any relationships or circumstances which could appear to do so were not considered to be material,” HSBC said in the statement filed through the London Stock Exchange (LSE).

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