TIDMHSBA
RNS Number : 7191R
HSBC Holdings PLC
01 July 2020
HSBC HOLDINGS PLC
CHANGES TO BOARD AND COMMITTEE COMPOSITION
HSBC Holdings plc (the 'Company') has today announced the
appointment of Eileen K Murray (62) as an independent non-executive
Director of the Company. The appointment will take effect from 1
July 2020. She will also be appointed as a member of the Group
Audit Committee, Group Risk Committee and the Nomination &
Corporate Governance Committee.
Ms Murray is an accomplished executive with over 40 years of
experience in financial services. She was recently elected
designate Chair of the Financial Industry Regulatory Authority
('FINRA'), a self-regulating organisation for US financial
securities firms. She most recently served as Co-CEO of Bridgewater
Associates, LP ('Bridgewater'). Prior to joining Bridgewater, she
was Chief Executive Officer for Investment Risk Management LLC and
President and Co-CEO of Duff Capital Advisors.
Ms Murray launched her professional career in 1984 at Morgan
Stanley, where she held several senior positions including
Controller, Treasurer, and Global Head of Technology and
Operations, as well as Chief Operating Officer for the firm's
Institutional Securities Group. From 2002 to 2005, she was Head of
Global Technology, Operations and Product Control at Credit Suisse
and served on the firm's management and executive board.
Commenting on the appointment, HSBC's Group Chairman, Mark
Tucker, said: "I am absolutely delighted to welcome Eileen. Her
wealth of experience across banking and finance, together with her
extensive knowledge of financial technologies and corporate
strategy, will bring an invaluable perspective to the Board."
The Directors have determined that Ms Murray is independent. In
making that determination, the Directors have concluded that there
are no other relationships or circumstances which are likely to
affect her judgement and that any relationships or circumstances
which could appear to do so were not considered to be material.
For and on behalf of
HSBC Holdings plc
Aileen Taylor
Group Company Secretary and Chief Governance Officer
Media enquiries to:
Heidi Ashley +44 (0) 20 7992 2045 heidi.ashley@hsbc.com
Supplementary information:
As an independent non-executive Director, Ms Murray will not
have a service contract with HSBC Holdings plc and will be paid
total fees of GBP244,000 per annum pursuant to the Directors'
remuneration policy approved by shareholders at the 2019 Annual
General Meeting. The total per annum fees consist of: GBP127,000
for her role as independent non-executive Director, GBP40,000 as a
member of the Group Audit Committee, GBP40,000 as a member of the
Group Risk Committee, GBP33,000 as a member of the Nomination &
Corporate Governance Committee and a GBP4,000 Travel Allowance.
Ms Murray's appointment as a Director of HSBC Holdings plc is
subject to election by shareholders at the 2021 Annual General
Meeting ('AGM') and annual re-election thereafter. Her initial
three-year term will run from her initial election, if successful,
until the 2024 AGM.
Ms Murray has not held any directorships in any other publicly
listed companies, whether in London, Hong Kong or overseas, during
the previous five years and she does not have any relationship with
any directors, senior management, substantial or controlling
shareholders of the Company. She does not have any interests in the
shares of the Company within the meaning of Part XV of the
Securities and Futures Ordinance.
There are no matters relating to the appointment of Ms Murray
that need to be disclosed pursuant to Listing Rule 9.6.13(2) to (6)
of the Listing Rules of the Financial Conduct Authority. Save as
disclosed above there is no other information required to be
disclosed pursuant to Rule 13.51(2) of the Rules Governing the
Listing of Securities on the Stock Exchange of the Hong Kong
Limited.
Notes to editors:
1. Professional qualifications of Ms Murray
Bachelor of Science in Accounting. Manhattan College, 1980.
2. The Board of Directors of HSBC Holdings plc as at the date of
this announcement is:
Mark Tucker*, Noel Quinn, Laura Cha , Henri de Castries , James
Anthony Forese , Steven Guggenheimer , Irene Lee , José Antonio
Meade Kuribreña , Heidi Miller , Eileen K Murray , David Nish ,
Ewen Stevenson, Jackson Tai and Pauline van der Meer Mohr .
* Non-executive Group Chairman
Independent non-executive Director
3. The HSBC Group
HSBC Holdings plc, the parent company of HSBC, is headquartered
in London. HSBC serves customers worldwide from offices in 64
countries and territories in its geographical regions: Europe,
Asia, North America, Latin America, and Middle East and North
Africa. With assets of US$2,918bn at 31 March 2020, HSBC is one of
the world's largest banking and financial services
organisations.
ends/all
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END
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