HSBC has announced the appointment of Lisa McGeough as Chief Executive Officer and President of its U.S. operations, marking a historic moment for the bank. McGeough will become the first female CEO to lead HSBC’s U.S. business in over a decade. Her appointment will take effect on January 1, 2025, and she will be responsible for driving the growth of the bank’s operations in the United States, particularly focusing on expanding its corporate and institutional banking services in North America.
McGeough joined HSBC in 2021 and has most recently held the position of co-head of global banking coverage. In this role, she was instrumental in overseeing HSBC’s relationships with key clients around the world. Prior to her time at HSBC, McGeough held various senior roles at well-known financial institutions such as Morgan Stanley, Wells Fargo, and Toronto Dominion Securities. Her extensive experience in global banking makes her well-equipped to take on the top leadership role at HSBC’s U.S. operations.
As CEO and President, McGeough will be tasked with navigating HSBC’s strategy for growth in the U.S., one of the largest and most competitive banking markets in the world. Her leadership will be key in furthering the bank’s long-term goals and expanding its business in North America. HSBC is particularly focused on growing its corporate and institutional banking services across the region, which will likely be a central part of McGeough’s mandate.
HSBC, headquartered in London, is one of the largest banking and financial services groups globally. It is the largest Europe-based bank by total assets, with $2.919 trillion as of December 2023. The bank has deep historical and business ties to East Asia, and its international presence spans numerous countries and territories. HSBC’s operations in the U.S. are an essential part of its global strategy, and McGeough’s appointment reflects the bank’s commitment to further strengthening its position in North America.
McGeough’s appointment as U.S. CEO marks a significant milestone for the bank, highlighting HSBC’s continued focus on diversity in leadership and its ambition to enhance its U.S. operations in a rapidly evolving market. As she steps into this new role, McGeough will bring her wealth of experience and a fresh perspective to guide HSBC’s growth in the United States.