Tuesday, October 15, 2024
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HSBC group COO John Hinshaw steps down after five years

  • John Hinshaw, HSBC’s Group Chief Operating Officer (COO), is stepping down after five years and will take six months of gardening leave.
  • Hinshaw also served on the HSBC Innovation Banking board since 2023, and during his tenure, he improved third-party supplier relationships, refreshed the group’s approach to innovation, and helped secure the group’s new global headquarters in London.
  • HSBC’s Group CEO Georges Elhedery will restructure the COO role into two new positions: an expanded Group Chief Information Officer (GCIO) and a newly defined Group COO.
  • Stuart Riley has been appointed as GCIO, overseeing data and innovation efforts, after joining HSBC from Citi.
  • Suzy White, a 25-year HSBC veteran, has been appointed interim COO while the formal recruitment process is underway.
  • Hinshaw’s departure follows a trend of senior leadership changes at HSBC, including Group CEO Noel Quinn and digital chief Ashief Danga, both of whom also left the company this year.

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