HSBC Holdings Appoints Indian-Origin Pam Kaur As Group CFO
Kaur, who joined HSBC in April 2013 as group head of audit, is currently serving as group chief risk and compliance officer
(The Corner Office Journal) -- HSBC Holdings Plc appointed Indian-origin Pam Kaur as group chief financial officer and an executive director on the board, effective 1 January 2025.
Kaur, 60, joined HSBC in April 2013 as group head of audit and is currently serving as group chief risk and compliance officer, the London-based financial services group said in a statement.
Her appointment as an executive director is subject to election at the next annual general meeting of the company, it added.
HSBC said Kaur, with an experience of almost four decades in the financial services sector, has worked in the UK and the US for British, American and German Banks.
Kaur, who graduated from the Punjab University in India, is also a qualified chartered accountant and has strong technical knowledge in treasury, capital, balance sheet and risk management, according to the statement.
HSBC said Jon Bingham, interim group CFO, will resume his role of global financial controller and the company will update on Kaur’s successor as group chief risk and compliance officer in due course.
Remuneration Details
Kaur’s remuneration as an executive director and group CFO will consist of a base salary of 803,000 British pounds per annum, a fixed pay allowance of 1.09 million pounds per annum and a pension allowance of 80,300 pounds per annum equal to 10% of her base salary.
She will receive benefits in accordance with the approved directors’ remuneration policy.
Kaur is also eligible to be considered for discretionary variable pay that consists of an annual incentive award up to a maximum value of 215% of base salary, and a long-term incentive award up to a maximum of 320% of base salary.
Note: $1 = 0.7684 British pound
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