Sri Lanka, Maldives, Bahrain and Korea:

HSBC appoints new CEO's

Nick Nicolaou

HSBC has appointed new CEOs for its Bahrain, Korea, and Sri Lanka and Maldives operations. After five successful years of spearheading HSBC's operations in Sri Lanka and Maldives, Nick Nicolaou will be succeeded by Patrick Gallagher as Chief Executive Officer for HSBC Sri Lanka and Maldives on April 30, 2013.

Martin Tricaud, currently Managing Director, Global Head of Multinationals, Global Banking and Markets, will succeed Matthew Deakin as President and Chief Executive Officer of HSBC Korea.

Deakin will become Chief Executive Officer of HSBC Bahrain, replacing Patrick Gallagher Gallagher begins his role as Chief Executive Officer of HSBC Sri Lanka and Maldives on April 30, 2013 subject to regulatory approval.

Gallagher joined the HSBC Group in 1989 and has worked in a variety of corporate banking roles in Hong Kong, Switzerland, Vietnam, Indonesia and the UK. He was appointed to his present role as CEO of HSBC Bahrain in November 2009.

Guy Harvey-Samuel, Group General Manager and Head of International, HSBC Asia Pacific, said "These appointments are a true reflection of HSBC's global expertise and management strength. The three new CEOs have a combined 55 years of banking experience, and that's just within the HSBC Group. Between the three of them, their careers with HSBC have spanned across Asia, Europe, Middle East, Latin America and Africa. Our operations in Bahrain, Korea and Sri Lanka and Maldives will unquestionably gain from Matthew's, Martin's and Patrick's invaluable experience and leadership."

Harvey-Samuel said, "I would like to thank Nick for his excellent contribution to our businesses in Sri Lanka and Maldives over the past five years and wish him every success going forward."