HSBC Bank Australia appoints CEO

HSBC Bank Australia has appointed Antony Shaw as chief executive, effective from 1 September.

He would also join the firm’s board as an executive director and had spent 19 years at the firm in a variety of roles including global head of wealth and head of institutional Sales for Asia Pacific and the Middle East, North Africa and Turkey (MENAT) regions.

It followed the decision by current CEO, Kaber McLean, to take a six-month sabbatical from 31 August, 2022, after which he would return to a different role in 2023.

HSBC said Shaw’s appointment came at a time of transition for Australia including a rise in the nation’s personal wealth and cost of living; increased international commercial and investment activity from border re-openings; and an increase in the nation’s global commitments to climate change.

HSBC Asia Pacific co-CEO Surendra Rosha, said: “Australia’s economic success has always been underpinned by its international openness. As Australia’s global connections continue to evolve and shift, Antony’s widespread experience will ensure our international network remains optimised to help our Australian customers manage this change and sustainably prosper.

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“Kaber has been laser-focused in identifying where and how we can best support our Australian clients, and in ensuring we had the right people, investment and capability in place to execute upon it. With the world re-opening, we supported Kaber’s decision to set aside time to re-connect with family and friends abroad. We will be welcoming his return into another role, within the group, in the new year.”