The world's local bank
Management changes at HSBC France
29 May 2007
Charles-Henri Filippi has decided to retire from his executive positions as CEO of HSBC France and of Group Managing Director of HSBC Holdings from 1 September 2007.
Charles-Henri Filippi will continue as non-executive Chairman of HSBC France.
Peter Boyles, presently Group Head of Human Resources, will succeed Charles-Henri Filippi as CEO of HSBC France. Peter joined HSBC in 1975 and has held senior roles in the Far East, the Middle East and Europe. He has served as CEO of HSBC in Qatar and spent three years as Deputy CEO of HSBC in Malaysia. A French speaker, he served as General Manager for Corporate and Transactional Banking for HSBC in France from October 2000 until November 2005, helping manage the integration of CCF into the HSBC Group.
Christophe de Backer, Directeur Général Adjoint (General Manager) of HSBC France, will be appointed as Directeur Général Délégué (Deputy CEO). Christophe has 17 years experience at HSBC in France, including seven years in investment banking before working in asset management, insurance and wealth management and most recently private banking.
Charles-Henri Filippi said: "After twenty exciting and happy years with CCF and latterly with HSBC, including the successful launch of the HSBC brand in France, and the successful integration of the French teams within HSBC, this is a natural time for me to stand back and pursue other personal interests. However, at the request of Group Chairman, Stephen Green, I will remain non-executive Chairman to ensure a smooth handover.
"Peter Boyles is well known and respected by our French teams and his appointment as CEO of HSBC France, as well as Christophe's appointment, will be welcomed by my colleagues."
HSBC in France has 1.1 million personal customers and 165,000 business customers in France, the world's fifth wealthiest economy, and had a 37 per cent increase in the number of new customers acquired in 2006 from 2005. It has US$107 billion of assets under management as at 31 December 2006, growing at an annual rate of nine per cent in 2006 and the fifth largest Corporate Investment bank in the French market, with revenue growing 17 per cent in 2006 from 2005.
Stephen Green, Group Chairman, said: "HSBC has become a household name in France. Charles-Henri has made an outstanding contribution to this success and I am delighted that he will continue to be closely associated with our progress. I wish Peter, Christophe, and the team in France every success in continuing to develop our business."
Media enquiries to:
James Pieper
HSBC Group Press Office
+44 (0)20 7991 0624
jamespieper@hsbc.com
Chantal Nedjib
HSBC France
+33 (0)1 40 70 77 29
chantal.nedjib@hsbc.fr
1. Biographies
Brief biographies for Charles-Henri Filippi and Peter Boyles can be accessed by using the featured content link at the top of the page.
2. HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through around 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some US$1,861 billion at 31 December 2006, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
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