The CFO at HSBC, Pam Kaur, has informed the board of her plan to leave the role next year and not stand for re-election as director at the company’s 2027 AGM.

The bank said that her official retirement date as group CFO will be confirmed in due course, but will not be later than the company’s 2027 AGM.

The board has commenced a process to identify Kaur’s successor as group CFO, which will consider both internal and external candidates.

Group CEO at HSBC, Georges Elhedery, said: "Over the last two years as Group CFO and during her tenure at HSBC, Pam's deep experience, strong judgement and firm commitment to financial discipline have been invaluable. I am grateful for her support and partnership and am pleased this will continue in her capacity as an adviser."

Kaur concluded: "It has been a privilege to be part of the leadership team since 2013, and I am proud of what we have achieved together to strategically transform HSBC and ensure the bank is well positioned for further growth. With the bank in a strong place, financially and strategically, 2027 feels the right time in my career to embrace new leadership opportunities and apply my experience in a different context."

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