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HSBC Hires New Global Head of Payments and Cash Management

8 June 2011

HSBC today announced the appointment of Diane S. Reyes as Global Head of Payments and Cash Management (PCM), one of the three core businesses within HSBC's Global Transaction Banking (GTB) platform. Ms. Reyes, in her newly created role, will be based in New York and starts in September 2011, reporting to John Coverdale, Group General Manager and Head of Global Transaction Banking.

Ms. Reyes has over 30 years of financial services experience and comes from Citi which she joined in 2000. She ran Sales for Treasury & Trade Services, and then became Global Head of GTS Power, Energy, Chemicals, Metals & Mining. Since 2009 she has been Global Head of Payments for Global Transaction Services (GTS). In this role, Reyes was responsible for Citi's Global Payments business in over 100 countries.

John Coverdale: "We are delighted to have Diane joining us as Global Head of Payments and Cash Management, a key driver of our Global Transaction Banking business. This important appointment to the HSBC Global Transaction Banking senior leadership team underlines HSBC's continued commitment to investing in our Payments and Cash Management business. This is part of our wider Global Transaction Banking strategy which supports our global Corporate and Financial Institutional customer base."

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The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,598bn at 31 March 2011, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.

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