HSBC has appointed Lisa McGeough as president and chief executive for the US.

She is the first woman chief executive in the region in more than a decade and the second in its 150-year history.

McGeough has been working for the bank since 2021, where she most recently served as the co-head of global banking coverage.

Before joining HSBC, she was at Wells Fargo for 15 years.

In her new role, which is based in New York City, she will lead the next phase of growth for the US, overseeing all businesses in the region.

Lisa will report to Michael Roberts in his new role as chief executive of HSBC Bank plc, and chief executive of corporate and institutional banking.

“I am delighted to have Lisa as our next chief executive for the US,” said Michael Roberts. “The US remains a critical market for HSBC’s global growth strategy.

"With Lisa’s leadership, expertise, and deep understanding of our business, I am confident that she will drive our US operations forward, acting as a super-connector between the US and the rest of the world. Together, we will continue to deliver best-in-class products and services to our clients.”

McGeough will also be joining as director of the HSBC North America Management Board, and as chair of the HSBC Bank USA Management Board.

“Becoming the US chief executive for HSBC is one of the highest professional highlights of my career,” she commented. “I am extremely excited to capture the immense opportunity in the financial capital of the world.

"With this talented team, and our unmatched expertise, we will continue to deliver for our clients here in the US, and around the world.”

As previously announced, Michael Roberts is appointed CEO of HSBC Bank plc, while leading Corporate and Institutional Banking, with oversight over the United States, Americas and Europe, effective January 1, 2025. Michael will be based in London.

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