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HSBC finance chief Pam Kaur plans retirement in 2027
Pam Kaur is the finance chief at HSBC, a large international bank.
She plans to leave that job by HSBC’s annual meeting in 2027.
She became the first woman to serve as HSBC’s finance chief.
Kaur joined the bank in 2013 and previously managed risk, compliance and auditing.
HSBC is already looking for someone to replace her.
After leaving her full-time job, she will advise CEO Georges Elhedery on special projects.
HSBC’s share price has risen 125% since she became CFO.
Several other senior HSBC executives have also left recently.
The bank has not announced Kaur’s exact final working date.
Pam Kaur will step down as HSBC’s group CFO by its 2027 annual general meeting.
She became CFO on January 1, 2025, the first woman to hold the role in HSBC’s history.
HSBC shares have risen 125% since her appointment, alongside gains at other major British banks.
The bank has begun searching for Kaur’s successor and will consider internal and external candidates.
Kaur will later advise CEO Georges Elhedery, following several other recent senior departures from HSBC.
- Who
- Pam Kaur, HSBC’s group chief financial officer, and HSBC CEO Georges Elhedery.
- What
- Kaur plans to retire from the full-time CFO role and will not seek re-election as an HSBC director in 2027.
- Where
- At HSBC, an international banking group; no specific departure location was stated.
- When
- Her departure will occur no later than HSBC’s 2027 annual general meeting, usually held in May; the announcement was made on Thursday (10).
- Why
- The articles state that Kaur plans to step down, but do not give a specific reason.
Key facts
- Planned departure
- Kaur will leave the CFO role no later than HSBC’s 2027 annual general meeting.
- CFO appointment
- She became HSBC group CFO on January 1, 2025.
- Historic milestone
- She was the first woman to serve as HSBC’s finance chief.
- Share performance
- HSBC shares have risen 125% since her appointment.
- Succession process
- HSBC’s board has begun searching for internal and external candidates.
- Future role
- Kaur will take an advisory position supporting Georges Elhedery on strategic projects.
- Previous HSBC role
- She served as group chief risk and compliance officer until December 2024.
Quotes
Edward Firth
KBW analyst in London
“Pam Kaur's exit is a bit of a surprise but she has done a good job since being appointed in supporting Elhedery's restructuring and selling off superfluous parts of the bank, the results of which can be seen in the share price.”
easterneye.biz
Sources
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