Antony Shaw has been appointed as the new CEO of HSBC Bank Australia and as an executive director on the bank’s board.
Mr Shaw has 30 years of experience across domestic and international banks, including 19 years at HSBC, where the bank said he had played a significant role within its markets and securities services division.
He currently leads HSBC’s institutional sales for the Asia-Pacific region, the Middle East, North Africa and Turkey while also driving growth as its global head of wealth. Prior to HSBC, Mr Shaw held roles in the investment banking sector across both London and Sydney.
“Australia’s economic success has always been underpinned by its international openness,” commented HSBC Asia-Pacific co-CEO, Surendra Rosha.
“As Australia’s global connections continue to evolve and shift, Antony’s widespread experience will ensure our international network remains optimised to help our Australian customers manage this change and sustainably prosper.”
HSBC noted that the appointment came during a “time of transition” for Australia with rises in personal wealth and the cost of living, higher international commercial and investment activity, as borders reopen and increased commitments on climate change.
“HSBC’s strategy is to help its customers connect to these changes and turn them into opportunities,” the firm stated.
Mr Shaw’s appointment will take effect from 1 September following the departure of current CEO Kaber Mclean at the end of August to take a six-month sabbatical.
Mr Mclean originally joined HSBC Australia in March 2020 after previously serving as the president and chief executive of HSBC Japan.
“Kaber has been laser-focused in identifying where and how we can best support our Australian clients, and in ensuring we had the right people, investment and capability in place to execute upon it,” said Mr Rosha.
“With the world reopening, we supported Kaber’s decision to set aside time to reconnect with family and friends abroad. We will be welcoming his return into another role, within the group, in the new year.”
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.