HSBC has hired a local CEO following the departure of Stuart Davis.
Global banking giant HSBC has hired Paulo Maia as chief executive of its Australian operations.
Maia was previously deputy chief executive of HSBC Brazil. He replaces Stuart Davis, who has moved to the chief executive role in India.
Maia has more than 25 years' experience in banking and has worked in the United Kingdom, United States and Brazil.
"Paulo will grow HSBC's business in Australia, focusing on new and existing business opportunities within personal financial services, commercial banking and global banking and markets," HSBC chief executive Sandy Flockhart said.
Maia began with HSBC in 1993 in the bank's London office. In 1996, he returned to Brazil to take part in HSBC's acquisition of Banco Bamerindus do Brasil.
Retirees face the risk of running out of money. We asked Macquarie Funds Group's head of longevity risk solutions Andrew Robertson how this can be avoided.... Watch»
Many in the industry would have been bogged down in submissions given the plethora of government reviews. Next year it will be the government's turn to act on the reviews. ... read more »
Home delivered!
Daily news, weekday mornings
Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.
