In a continuing shake-up at HSBC under new CEO-designate Stuart Gulliver, the bank named Alan Keir global head of commercial banking effective Jan. 1. Keir also will join the management board chaired by Gulliver.
Keir, 52, is currently global co-head of commercial banking and head of commercial banking in Europe. John Cloverdale, the other global co-head, will become head of global transaction services March 1.
Keir is a HSBC veteran, having joined the London-based bank through an acquisition in 1981. He will report to Sandy Flockhart, chairman of commcerial banking and of HSBC Bank Plc. "Alan has a tremendous understanding of business gained from 19 years' experience in commerical banking," Flockhart said in a statement.
HSBC, Europe's largest bank, has named a number of executives to global heads of businesses since Gulliver won a succession struggle and replaced Michael Geoghegan in September. Samir Assaf was named head of the investment bank and Paul Thurston was named to run consumer banking and wealth management.