HSBC Holdings plc has appointed Pam Kaur as its new Group Chief Financial Officer and Executive Director of the Board, effective January 2025. Kaur, who joined HSBC in 2013 as Group Head of Audit and is currently serving as Group Chief Risk and Compliance Officer, brings nearly 40 years of financial services experience across the UK and U.S., having previously held senior roles in British, American, and German banks. A qualified chartered accountant, Kaur is known for her expertise in treasury, capital management, and risk assessment. HSBC Group Chairman Mark Tucker and Chief Executive Georges Elhedery both praised her appointment, noting her deep knowledge of HSBC’s strategic challenges and opportunities globally.
Kaur’s remuneration package includes a base salary of $1 million, a fixed pay allowance of $1.4 million, and a pension allowance of $1 million. Additionally, she is eligible for variable pay based on performance metrics. Her role as an Executive Director is pending approval at the upcoming annual general meeting. HSBC has yet to announce her successor as Group Chief Risk and Compliance Officer. Currently holding 1,960,245 shares in HSBC, Kaur maintains no relationships with senior management or shareholders, underscoring her independent standing within the company.
