Dive Brief:
- HSBC bank named Andrew Fullam CFO of the US and Americas, bringing back a nearly 20-year veteran of the bank who previously served in such roles as HSBC’s regional CFO for Commercial Banking and Global Banking and Market and in 2019 as interim CFO for the Americas, according to a Wednesday press release.
- Fullam is returning to the London-based bank about a year after leaving to join San Francisco, California-based Wells Fargo as its head of Enterprise Financial Planning & Analysis. At HSBC he will be based in New York and report to Michael Roberts, CEO, US and Americas and Kavita Mahtani, CFO, HBEU and Western Markets.
- In a statement included in the release, Roberts said Fullam’s experience and expertise in corporate finance will be instrumental in driving sustainable growth. “His understanding of HSBC combined with his existing relationships built over 17 years across the region will enable him to make an immediate impact when he steps into the role,” Roberts said.
Dive Insight:
The move comes as some changes are in the works across the pond from HSBC’s headquarters. In December, Canadian Finance Minister Chrystia Freeland gave final approval to Royal Bank of Canada’s proposed C$13.5 billion ($10.2 billion) acquisition of HSBC’s Canada unit.
HSBC’s Americas CFO post will have a new face just over a year after a shakeup in the bank’s top CFO spot. In 2022, the bank named Georges Elhedery as its new finance chief — a move that, at the time, put him in line to succeed CEO Noel Quinn, according to Industry Dive sister publication Banking Dive.
Fullam has worked in New York, London and Dubai for HSBC and has held senior roles in strategic planning, stress testing, and US transformation. He has an MBA from Columbia University and a bachelor’s of science from Washington and Lee University, according to the release.
