HSBC Holdings plc (Ticker: HSBC.BH), has announced that Kathleen Casey has been appointed a Director of HSBC Holdings plc with effect from 1 March, 2014. She will be an independent non-executive Director and will become a member of the Group Audit Committee and the Financial System Vulnerabilities Committee.
Kathleen was Commissioner of the US Securities & Exchange Commission from 2006 to 2011, acting as the regulator’s principal representative in multilateral and bilateral regulatory dialogues, the G-20 Financial Stability Board and with the International Organisation of Securities Commissions. Prior to being appointed Commissioner, Kathleen spent 13 years on Capitol Hill, holding various positions, including Staff Director and Counsel of the United States Senate Committee on Banking, Housing, and Urban Affairs (2003-2006) and Legislative Director and Chief of Staff for U.S. Senator Richard Shelby (1996-2003). Kathleen also served as a non-executive Director of FX Alliance Inc. from March to August 2012. Commenting on the appointment, HSBC Group Chairman Douglas Flint said: “Kathy brings with her a wealth of experience of financial services regulation gained at a key time in the evolution of the sector, which will be of particular relevance and value to the Board. Her skills will complement the diverse background and experience of the Board and we look forward to Kathy joining HSBC as the Group continues to focus on the delivery of its strategic objectives.” Kathleen’s appointment will be for an initial three-year term which, subject to re-election by shareholders, will expire at the conclusion of the 2017 Annual General Meeting. The Directors have determined that Kathleen is independent. In making that determination the Directors concluded that there are no relationships or circumstances which are likely to affect Kathleen’s judgement and any relationships or circumstances which could appear to do so were not considered to be material.