HSBC Bank Australia has announced that the current deputy chief of HSBC Brazil, Paulo Maia, will be its new chief executive.
Maia succeeds Stuart Davis, who has been appointed chief executive of The Hongkong and Shanghai Banking Corporation in India.
Maia has over of 25 years experience in banking across the retail, commercial and corporate banking sectors in Brazil, Great Britain and the United States, according to HSBC Asia Pacific chief Sandy Flockhart.
Maia will maintain HSBC’s strategy to expand its presence in the Australian market and focus on new and existing business opportunities within personal financial services, commercial banking and global banking and markets.
According to Flockhart, Maia has a “valuable insight into the business opportunities for HSBC and its clients in both developed and emerging markets”.
Maia first joined the representative HSBC office in Sao Paulo in 1993 as director of corporate finance and also worked at the group’s headquarters in London as senior manager, emerging markets.
The appointment will be effective from July 1.
