29th May 2007 17:06
HSBC Holdings PLC29 May 2007 MANAGEMENT CHANGES AT HSBC FRANCE Charles-Henri Filippi has decided to retire from his executive positions as CEOof HSBC France and of Group Managing Director of HSBC Holdings from 1 September2007. Charles-Henri Filippi will continue as non-executive Chairman of HSBC France. Peter Boyles, presently Group Head of Human Resources, will succeedCharles-Henri Filippi as CEO of HSBC France. Peter joined HSBC in 1975 and hasheld senior roles in the Far East, the Middle East and Europe. He has served asCEO of HSBC in Qatar and spent three years as Deputy CEO of HSBC in Malaysia. AFrench speaker, he served as General Manager for Corporate and TransactionalBanking for HSBC in France from October 2000 until November 2005, helping managethe integration of CCF into the HSBC Group. Christophe de Backer, Directeur General Adjoint (General Manager) of HSBCFrance, will be appointed as Directeur General Delegue (Deputy CEO). Christophehas 17 years experience at HSBC in France, including seven years in investmentbanking before working in asset management, insurance and wealth management andmost recently private banking. Charles-Henri Filippi said: "After twenty exciting and happy years with CCF andlatterly with HSBC, including the successful launch of the HSBC brand in France,and the successful integration of the French teams within HSBC, this is anatural time for me to stand back and pursue other personal interests. However,at the request of Group Chairman, Stephen Green, I will remain non-executiveChairman to ensure a smooth handover. "Peter Boyles is well known and respected by our French teams and hisappointment as CEO of HSBC France, as well as Christophe's appointment, will bewelcomed by my colleagues." HSBC has 1.1 million personal customers and 165,000 business customers inFrance, the world's fifth wealthiest economy, and had a 37 per cent increase inthe number of new customers acquired in 2006 from 2005. It has US$107 billionof assets under management as at 31 December 2006, growing at an annual rate ofnine per cent in 2006 and the fifth largest Corporate Investment bank in theFrench market, with revenue growing 17 per cent in 2006 from 2005. Stephen Green, Group Chairman, said: "HSBC has become a household name inFrance. Charles-Henri has made an outstanding contribution to this success and Iam delighted that he will continue to be closely associated with our progress. Iwish Peter, Christophe, and the team in France every success in continuing todevelop our business." Brief biographies for Charles-Henri Filippi and Peter Boyles follow: Peter Boyles Group General Manager and Chief Executive Officer (Designate) HSBC France Peter Boyles joined The Hongkong & Shanghai Banking Corporation Ltd in 1975 asan International Manager Trainee. Between 1976 and 1987 Peter held various postsin the Middle East, Hong Kong and the Solomon Islands encompassing branchmanagement, Trade Finance, operations and Corporate Banking. From 1987 to 1993 Peter worked in Hongs Division of Corporate Banking in HongKong, before taking up the role of Senior Manager, Abu Dhabi. This was followedby a third tour in Qatar as Chief Executive Officer and three years in Malaysiaas Deputy Chief Executive Officer. From 2000 he was appointed General Manager, Corporate & Transactional Bankingfor HSBC in France, where he helped manage the integration of CCF into theGroup. Peter was appointed a Group General Manager on 1 January 2006 and assumedresponsibility for Group Human Resources. In May 2007 he was appointed ChiefExecutive Officer of HSBC France, and will serve in official capacity beginningin September 2007. Peter is married with three sons and a daughter and lives in France. Charles-Henri Filippi Chairman and Chief Executive Officer, HSBC France Group Managing Director, HSBC Holdings plc Charles-Henri Filippi was born in France in 1952 and was educated at theInstitut d'Etudes Politiques (in Paris) and at the Ecole Nationaled'Administration. Following a number of senior appointments in the French Civil Service(1979-1987), he joined Banque Stern as a director. He then joined CCF in 1987 as Special Advisor to the Chief Executive Officer. Hewas appointed Executive Vice President, Corporate Finance and Banking in 1989,then Senior Executive Vice President, and Managing Director in 1993. He becameGroup Executive Vice President, Head of Corporate Finance and Banking in 1995.In 1998, he was appointed Executive President and joined the Board of CCF, alsobecoming Chairman and Chief Executive Officer of HSBC CCF Investment Bank(France). After HSBC's acquisition of CCF in 2000, Mr Filippi was appointed ExecutiveDirector of HSBC Investment Banking and Markets and joined the Board of HSBCBank plc. He was appointed Group General Manager & Global Head of Corporate andInstitutional Banking for HSBC Holdings in November 2001, and moved to London.He also became a member of the HSBC Group's Executive Committee.In May 2002, Corporate and Institutional Banking was integrated within theCorporate, Investment Banking and Markets division and, in addition to hiscurrent role, Mr Filippi took on the wider relationship banking responsibilitiesfor the division. Chairman and Chief Executive Officer of HSBC France since 1 March 2004, he is amember of the Group Management Board for HSBC Holdings plc and responsible forco-ordinating HSBC Group's strategy in the eurozone. He is married and has four children. Note to editors:HSBC Holdings plcHSBC Holdings plc serves over 125 million customers worldwide through around10,000 offices in 82 countries and territories in Europe, the Asia-Pacificregion, the Americas, the Middle East and Africa. With assets of some US$1,861billion at 31 December 2006, HSBC is one of the world's largest banking andfinancial services organisations. HSBC is marketed worldwide as 'the world'slocal bank'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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