Roberts Succeeds Burke as President/CEO of HSBC USA

HSBC has appointed Michael Roberts to succeed Patrick Burke as president and CEO of HSBC USA. Burke will be retiring in October 2019, with specific retirement and appointment dates to be confirmed in due course.

Burke joined HSBC in 1989, serving as deputy director of Mergers and Acquisitions and vice president of Strategy and Development. He subsequently held various senior leadership positions, including with HSBC Finance Corporation (HFC) Bank in the UK, HFC Canada, and HSBC Card and Retail Services. Prior to his current role, he served as president and CEO of HFC, where he was also chairman of the board.

Group Chief Executive John Flint commented “We are extremely grateful to Pat for his 30 years of highly professional service and in particular his leadership of HSBC USA. He has been instrumental in our US turnaround plan and the positive progress we’ve made. We wish him well for the future.”

Roberts will join HSBC after 34 years at Citigroup, where he has been chief lending officer and global head of Corporate Banking and Capital Management since 2010. He will initially join as a group managing director reporting to Flint and will also sit on the Group Management Board.

“We are delighted to welcome Michael to HSBC. Michael brings with him significant international, strategic and regulatory experience that will prove invaluable in leading the U.S. business forward,” said Flint.

Headquartered in London, HSBC serves customers worldwide from offices in 66 countries and territories in Europe, Asia, North America, Latin America, and the Middle East and North Africa. With assets of $2,659 billion as of March 31, 2019, HSBC is one of the world’s largest banking and financial services organizations.

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