HSBC Names Kaber Mclean as Australian CEO

HSBC has reportedly secured itself a new Chief Executive Officer (CEO) for its Australian operations, with Kaber Mclean set to take on the leading position in March of this year.

According to a report from Reuters, Mclean has been appointed as the bank’s CEO of Australia at a time when it is looking to expand its footprint in the region.

Mclean has been with HSBC since 1996. During his more than two decades of working with the Bank, he has held a number of senior roles and has worked at the bank’s operations in New York, Hong Kong, and Japan.

Namely, Mclean was the president and CEO of HSBC Japan between 2012 and 2016. According to the report from Reuters, in his new role, Mclean will lead the push into Australian markets.

In particular, the bank is wanting to expand its market share in the region’s retail and commercial banking, wealth management, and global banking markets. Mclean is succeeding Martin Tricaud, who is now the regional CEO of the Middle East, North Africa, and Turkey operations.

Kaber Mclean to succeed Noel McNamara

In addition, Mclean will be relieving Noel McNamara, who has been acting as the interim CEO for the Australian unit since June of 2019. When Mclean takes the position of CEO, McNamara will continue as chief risk officer.

The appointment of Mclean comes one month after HSBC revealed that Andy Maguire, the Group Chief Operating Officer (COO), will retire. As Finance Magnates reported, he will officially leave the Group on the 9th of June 2020, following the end of his six months’ notice period. However, he will no longer be operating as the COO from January 30, 2020.

At the same time, the bank named Maguire’s successor – John Hinshaw, who joined the company as Group COO designate on December 10, 2019. He will formally take on the role from February 1, and until then will work with Maguire to handover the responsibilities.