HSBC says Noel McNamara, currently head of commercial banking at HSBC in Australia, will replace David Griffiths as its New Zealand CEO from September 1.
Read HSBC's statement below:
HSBC has appointed Noel McNamara as the new Chief Executive Officer for New Zealand, effective 1 September 2011, subject to local regulatory approvals. Mr McNamara, currently head of Commercial Banking for HSBC Bank Australia Limited, will succeed current New Zealand CEO David Griffiths, whose next posting will be announced in due course.
Mr McNamara’s successor will also be announced at a later date.
Guy Harvey-Samuel, Group General Manager, Head of International Asia Pacific for HSBC, said: “We believe that HSBC’s strong commercial banking capabilities and wide international network are highly valued by clients in New Zealand who are increasingly tapping into Asia’s rising intra-regional trade. Noel’s strong commercial banking and trade finance experience will be invaluable in driving expansion within our New Zealand operations.
“We would like to thank David for his contribution to our New Zealand business, which now has a strong commercial banking platform supporting a growing base of international customers.”
Mr McNamara has worked for HSBC Bank Australia Limited since 1995 in various roles including commercial banking, corporate banking, trade services and branch operations.