HSBC Holdings plc (LON:HSBA) has today announced the appointment of Geraldine Buckingham as an Independent non-executive Director of the Company. The appointment will take effect from 1 May 2022.

Ms Buckingham is a highly regarded and widely experienced executive within the global financial services industry who brings significant Asia leadership experience to the Board. Ms Buckingham’s most recent executive role was as Chair and Head of Asia Pacific at BlackRock where she was responsible for all business activities across Hong Kong and mainland China, Japan, Australia, Singapore, India and Korea.

After stepping down from this role in February 2021, she acted as senior advisor to Larry Fink, BlackRock Chairman and CEO, until her retirement from BlackRock at the end of 2021. She previously served as Global Head of Corporate Strategy at BlackRock, where she helped to develop and implement the firms long-term strategic and business goals.

Prior to joining BlackRock, she was a partner within McKinsey & Company’s financial services practice, where she advised global asset managers, as well as wealth management and private equity firms.

Commenting on the appointment, HSBC’s Group Chairman, Mark Tucker, said:

“Geraldine’s strategic acumen, her time in Asia leading BlackRock’s business in the region and her extensive experience in wealth and asset management will strengthen our oversight of the delivery of our growth strategy. We look forward to welcoming her to the Board next month.”

HSBC has also today announced that Dame Carolyn Fairbairn will succeed Pauline van der Meer Mohr as Chair of the Group Remuneration Committee with effect from the conclusion of the Company’s 2022 Annual General Meeting on Friday, 29 April 2022.

HSBC’s Group Chairman, Mark Tucker, said:

“I am delighted that Carolyn has agreed to take up the Group Remuneration Committee Chair role. Her previous experience of the UK remuneration requirements and stakeholder expectations on executive pay, together with her extensive knowledge of the macroeconomic and political environment, mean that she is extremely well placed to assume this role.”