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HSBC Makes Key Senior Leadership Appointment In San Francisco

09 May 2013

New York, NY - HSBC Bank USA, N.A. (HSBC) today announced that it has appointed Jeffrey Needham as its San Francisco-based Senior Vice President and Area Manager for Northern California and Washington State. Needham is responsible for driving growth, particularly in Wealth Management, across HSBC's network of 18 branches located throughout the San Francisco and Seattle Metropolitan areas.

Jeffrey Needham photo

He reports to David Goeden, HSBC Executive Vice President and Head of Network, Expansion Markets and to Thomas Kleps, Senior Vice President and National Sales Director for HSBC Securities (USA) Inc.

Needham brings more than 25 years of industry experience to his new position, the last 20 years with HSBC. His most recent role at HSBC was as Senior Vice President and Area Manager in the New York City region. Previously, he held positions as Senior Vice President and District Director for the New York City Outer Boroughs and Regional Mortgage Executive responsible for Network-wide Residential Lending.

"Jeff has a hugely accomplished track-record of business expansion and strong leadership within the brokerage and wealth management industry," said David Goeden. "His background of proven success and financial expertise will be a tremendous asset to the Northern California and Washington area teams."

Goeden continued: "With a continuous West Coast presence since 1875 and a cross-border footprint encompassing over 80 countries and territories, HSBC provides a unique blend of in-depth local knowledge and extensive global reach to internationally-minded consumers across the region."

Jeff and his family had previously resided in The San Francisco area for nearly fifteen years prior to his most recent assignments in New York City. They are all looking forward to returning to the West Coast.

Notes to editors:

Through HSBC's affiliate, HSBC Securities (USA) Inc., Needham holds the Series 7 & 63, and Supervisory Series 9 & 10, securities licenses with the Financial Industry Regulatory Authority. Needham also holds State Life, Accident, and Health Insurance licenses through HSBC's affiliate, HSBC Insurance Agency (USA).

1. HSBC Bank USA, National Association

HSBC Bank USA, National Association, with total assets of $196bn as of 30 September 2012 (US GAAP), serves 3 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 250 bank branches throughout the United States. There are over 165 in New York State as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Oregon; Virginia; 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.

2. HSBC Securities (USA) Inc

HSBC Securities (USA) Inc is a registered broker dealer that provides underwriting, dealing, and brokerage services to institutional and retail clients. The Company is also a primary dealer in U.S. government and government agency securities and is a member of the Financial Industry Regulatory Authority (FINRA), New York Stock Exchange (NYSE), and the Securities Investor Protection Corporation (SIPC).

Investments and Annuity products

Investments and Annuity products are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, a registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. In California, HSBC Securities (USA) Inc., conducts insurance business as HSBC Securities Insurance Services. License #: 0E67746. Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., and an indirectly wholly-owned subsidiary of HSBC Holdings plc, offers Insurance products issued by third-party insurance carriers. Products and services may vary by state and are not available in all states. California license #: 0D36843.

Investments, Annuity and Insurance Products:

ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

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†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE
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