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HSBC names Diane D'Erasmo Executive Vice President - International, U.S. Commercial Banking

11 October 2012

New York, NY - HSBC Bank USA, N.A. (HSBC) today announced the appointment of Diane D'Erasmo to the new position of Executive Vice President-International for its Commercial Banking business in the United States. D'Erasmo will oversee HSBC's international commercial strategy aimed at helping multi-national companies and clients wanting to invest in the US and access new trade and investment opportunities.

"With the U.S. as the world's largest and most connected economy, building HSBC's inbound commercial banking business is a vital component to our continued growth in the U.S." said Steve Bottomley, Senior Executive Vice President and Head of Commercial Banking, North America for HSBC. "I am delighted to have such an accomplished and experienced leader like Diane to lead this key HSBC strategic initiative. Diane's leadership in this new role will benefit both our clients and our commercial banking business."

D'Erasmo is based in New York City. Prior to the appointment, D'Erasmo had served as Executive Vice President, Commercial Banking at HSBC Bank USA.

D'Erasmo has extensive commercial banking experience counseling international companies based in the U.S. and has helped foster HSBC's commercial banking growth in the Northeast and New York region over the last several years. She also has specialty knowledge in the apparel and retail industries. She was recently named one of "The 25 Most Powerful Women in Banking" by American Banker Magazine for the fifth consecutive year.

D'Erasmo began her banking career with HSBC-acquired Republic National Bank in 1980. Previously, she was a CPA with Deloitte Touche LLP. She serves as board member for Fashion Institute of Technology Foundation, Big Brothers Big Sisters of New York City and Junior Achievement of New York. She is a member of the Board of Advisors of the Tobin College of Business. D'Erasmo earned a bachelor's degree in Accounting from St. John's University.

Notes to editors:

About HSBC Bank USA, N.A.

HSBC Bank USA, National Association, with total assets of $194 billion as of 30 June 2012 (US GAAP), serves 3.1 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 300 bank branches throughout the United States. There are over 200 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member of the FDIC.

HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,900 offices in over 80 countries and territories in Europe, the Asia-Pacific region, North and Latin America, and the Middle East and North Africa. With assets of US$2,652bn at 30 June 2012, the HSBC Group is one of the world's largest banking and financial services organisations.

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