HSBC appoints new CEO for Sri Lanka and Maldives

HSBC has appointed Patrick Gallagher as the new CEO for Sri Lanka and the Maldives with effect from 30 April 2013, replacing Nick Nicolaou who spearheaded the Bank successfully for five years.

Gallagher joined the HSBC Group in 1989 and has worked in a variety of corporate banking roles in Hong Kong, Switzerland, Vietnam, Indonesia and the UK. He was appointed to his present role as CEO of HSBC Bahrain in November 2009. His appointment is subject to regulatory approval.

Guy Harvey-Samuel, Group General Manager and Head of International, HSBC Asia Pacific said: “I would like to thank Nick for his excellent contribution to our businesses in Sri Lanka and Maldives over the past five years and wish him every success going forward.”



HSBC also announced that Martin Tricaud, currently Managing Director, Global Head of Multinationals, Global Banking and Markets, will succeed Matthew Deakin as President and Chief Executive Officer of HSBC Korea. Deakin will become Chief Executive Officer of HSBC Bahrain, replacing Gallagher.

Harvey-Samuels said: “These appointments are a true reflection of HSBC’s global expertise and management strength. The three new CEOs have a combined 55 years of banking experience, and that’s just within the HSBC Group. Between the three of them, their careers with HSBC have spanned across Asia, Europe, Middle East, Latin America and Africa. Our operations in Bahrain, Korea and Sri Lanka and Maldives will unquestionably gain from Matthew’s, Martin’s and Patrick’s invaluable experience and leadership.”

Tricaud, who will take up his new role as Chief Executive Officer of HSBC Korea on 25 March 2013, joined the HSBC Group when Crédit Commercial de France became a wholly owned subsidiary of HSBC in 2000; Tricaud joined Crédit Commercial de France in 1989.

He has extensive corporate and investment banking experience gained in markets across Europe, the Middle East and Africa. In his current role as Global Head of Multinationals for Global Banking and Markets, Tricaud leads the coverage of international companies through HSBC’s global network.

Deakin will become Chief Executive Officer of HSBC Bahrain on 8 April 2013, subject to regulatory approval. A chartered accountant, he joined HSBC in London in 1989, firstly in the Finance function before moving into the front office. He relocated to Mexico in 1992 where he worked in Debt Capital Markets, and Corporate and Commercial banking for ten years. Following Strategy and Planning, and Integration roles in Latin America, Deakin was appointed as President and CEO of HSBC Korea in 2009.

HSBC Holdings Plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,900 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, the Middle East and Africa. With assets of US$ 2,721 b at 30 September 2012, the HSBC Group is one of the world’s largest banking and financial services organisations.