THE MIKIVERSE

HSBC adds to board

By Alice Uribe Thursday 28 January 2010

HSBC Bank Australia has reshuffled its board, adding two new directors.

Carol Austin, the investment services director at Contango Asset Management, has been appointed as an independent non-executive director.

She is also a non-executive director of the Tasmanian Public Finance Corporation (TASCORP) and a member of the advisory board to the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne.

She has previously held roles with the Australian Industry Development Corporation, BHP Billiton, the Reserve Bank of Australia, Rothschild Australia Asset Management and Commonwealth Funds Management.

The soon to be chief executive of the Hongkong and Shanghai Banking Corporation, Peter Wong, has been appointed as a non-executive director.

From 1 February 2010, Wong will take up the position of chief executive of the Hongkong and Shanghai Banking Corporation and will succeed Sandy Flockhart.

He is currently the deputy chairman and non-executive director of HSBC Bank (China) Company and non-executive director of HSBC's seven rural banks in mainland China.

"The board is delighted to have Carol Austin and Peter Wong join our ranks and we look forward to their support in steering HSBC in Australia to further growth and success in the years ahead," HSBC Bank Australia chairman Graham Bradley said.

Both board appointments are effective from 1 February 2010 and fill board positions previously held by Kerrie Kelly and Vincent Cheng.