HSBC appoints Aust chief

Global bank to focus on local growth

Staff

Thu 28 May 2009

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.