HSBC Appoints Martin Richards as Global Head of Sustainable Finance – Client Infrastructure for Commercial Banking

Rhea-AI Summary

HSBC announced the appointment of Martin Richards as the Global Head of Sustainable Finance – Client Infrastructure for Commercial Banking. His focus will be on providing sustainable finance solutions to support clients’ transition goals. Previously, Richards served as the US Head of Corporate Banking, driving growth in HSBC's US corporate client franchise. Alongside his new role, he remains President of HSBC Ventures, which aids growth-oriented businesses with flexible capital.

Positive

• Appointment of Martin Richards as Global Head of Sustainable Finance may enhance HSBC's leadership in sustainable finance solutions.
• Richards' long tenure at HSBC and experience in corporate banking could provide stability and continuity.

Negative

• Concerns about the experience gap as Richards transitions from Corporate Banking to a sustainable finance focus.

NEW YORK--(BUSINESS WIRE)-- HSBC Global Commercial Banking today announced that Martin Richards has been appointed Global Head of Sustainable Finance – Client Infrastructure for Commercial Banking. In this role, he will focus on delivering market-leading sustainable finance solutions that support the full ecosystem surrounding our clients’ transition ambitions.

“We are thrilled that Martin will help our coverage teams deliver sustainability solutions to customers around the world,” said Barry O’Byrne, CEO of Global Commercial Banking. “Martin’s dedication to our customers and their sustainable financing ambitions will position HSBC as a market leader.”

Previously, Richards served as the US Head of Corporate Banking and was responsible for delivering HSBC’s international proposition to middle-market and large-corporate clients. He has been with HSBC for six years, driving considerable growth across our US corporate client franchise.

“I am energized at the opportunity to both support our coverage teams across the commercial and our clients who are at all stages of their green initiatives,” said Richards. “We are committed to leveraging our net zero carbon portfolio ambitions to execute world-class solutions.”

Richards will continue his role as President of HSBC Ventures, a US-based business that provides flexible capital to growth-oriented businesses around the world, furthering their innovation and expansion objectives.

Notes to Editors:

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through retail banking and wealth management, commercial banking, private banking, and global banking and markets segments. It operates bank branches in: California; Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a Member of FDIC. Investment and brokerage services are provided through HSBC Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided through HSBC Insurance Agency (USA) Inc.

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,976bn at 30 June 2021, HSBC is one of the world’s largest banking and financial services organisations

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005729/en/

HSBC Media Contact:

Matt Kozar +1 631-482-6586 matt.kozar@us.hsbc.com

Source: HSBC

FAQ

Who is Martin Richards and what is his role at HSBC?

Martin Richards has been appointed as the Global Head of Sustainable Finance – Client Infrastructure, focusing on sustainable finance solutions for clients.

What were Martin Richards' previous roles before his new appointment at HSBC?

Before this role, Richards served as the US Head of Corporate Banking at HSBC.

What impact could Martin Richards' appointment have on HSBC's sustainability efforts?

Richards' appointment is expected to strengthen HSBC's focus on delivering sustainable finance solutions to clients.