London — HSBC interim chief overhauled the sprawling bank’s senior management team as he positions himself to take the job on a permanent basis.
Andy Maguire will retire in January after five years as COO, replaced by John Hinshaw, a former executive at Hewlett Packard. Chief risk officer Marc Moses will hand over his responsibilities to Pam Kaur, who currently heads wholesale market and credit risk. Details of the overhaul will be announced along with HSBC’s full-year results in February.
Samir Assaf will be replaced in March as head of the global banking and markets division by two co-heads, Gregory Guyett and Georges Elhedery, as Bloomberg News reported last week. Assaf, who had led the investment bank for almost a decade, becomes chair of corporate and institutional banking.