Hsbc Appoints Barry O'byrne As Wealth and Personal Banking Chief To Replace Nuno Matos, Ahead of CEO Transition
Aug 29, 2024•11 months ago
Position
Chief Operating Officer
Company
HSBC
Description
In preparation for Georges Elhedery taking over as CEO, HSBC has announced significant changes in its leadership. Nuno Matos, the current Wealth and Personal Banking chief, is resigning, and will be replaced by Barry O'Byrne, the current CEO of the lender's commercial bank. Additionally, John Hinshaw, group chief operating officer, and Elaine Arden, group chief human resources officer, are also leaving the group
FundzWatch™ Score
75
Medium Activity
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months