VANCOUVER, British Columbia--(BUSINESS WIRE)--Mar. 22, 2021--
Alan Turner is appointed Head of Commercial Banking effective today, succeeding Linda Seymour who took on the role of President and Chief Executive Officer of HSBC Bank Canada in September 2020. In this role, Turner has responsibility for HSBC’s Large Corporates and Small and Medium Enterprise banking segments, as well as leading Global Trade and Receivables Finance in Canada.
Alan was most recently Head of Commercial Banking for HSBC in Singapore. Before joining HSBC in 2017, Alan spent 25 years at a major British bank, working in corporate and investment banking in London, Hong Kong and Sydney with roles at the local, regional and global levels. This includes 10 years in Asia, with regional and sector expertise gained from a variety of senior executive roles across trade finance, liquidity and cash management, and leveraged finance.
Linda Seymour, President and Chief Executive Officer, HSBC Canada, said: “I am delighted to welcome Alan to our Commercial Bank in Canada. His strong sector and global expertise, paired with HSBC’s network covering 90% of global trade flows, will help accelerate our progress in better supporting clients in their international expansion plans.”
HSBC Canada’s Commercial Bank is HSBC Group’s third most profitable Commercial Banking division.1 Building long-term relationships with customers is core to our growth strategy and organizational values. In 2020, we continued to invest in our business while supporting customers throughout the pandemic with payment deferrals and access to government support programs.
Turner said: “No one is better placed to serve Canadian companies doing business here at home or internationally. Our transactional banking solutions, access to our international network and relationship driven model, place us well to support their ambitions. I look forward to leading the talented Canadian team at the heart of our business’ success.”
In 2020, HSBC was voted the number one Domestic Cash Manager and best for service in Canada in the Euromoney Cash Management Survey. In addition, HSBC was named the number one trade finance bank and number one in service quality in Canada in the 2021 Euromoney Trade Finance Survey.
Note to editors:
1 HSBC’s Annual Report and Accounts, 2020, page 100
HSBC Commercial Banking
For over 150 years we have been where the growth is, connecting customers to opportunities. Today, HSBC Commercial Banking serves around 1.4 million customers across 53 markets, ranging from small enterprises focused primarily on their home markets through to corporates operating across borders. Whether it is working capital, term loans, trade finance or payments and cash management solutions, we provide the tools and expertise that businesses need to thrive. As the cornerstone of the HSBC Group, we give businesses access to a geographic network covering more than 90% of global trade and capital flows. For more information visit: www.hsbc.com/about-hsbc/structure-and-network/commercial-banking
HSBC Bank Canada
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. HSBC Holdings plc, the parent company of HSBC Bank Canada, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,984bn at 31 December 2020, HSBC is one of the world’s largest banking and financial services organizations.
For more information, visit http://www.hsbc.ca or follow us on Twitter: @hsbc_ca or Facebook: @HSBCCanada
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Source: HSBC Bank Canada