Indians dominate the world, and the command of many large companies is in the hands of Indians. Women are leading the way here too, and now another name has been added to the list. In fact, HSBC, also known as The Hongkong and Shanghai Banking Corporation, has appointed a woman as chief financial officer (CFO) for the first time in its 160-year history. In particular, the woman who serves as the bank’s chief financial officer is Indian-born Pam Kour.
Pam Kaur is an MBA from Punjab University
Pam Kaur, 60, has held senior positions in several banks. After becoming chief financial officer of HSBC, Pam Kaur, who earned her MBA from Punjab University, joins a growing number of women holding top roles in global banking. The list of women in top banking positions includes Citi CEO Jane Fraser, Morgan Stanley CFO Sharon Yeshaya, JPMorgan Chase’s Mary Erdos Mary Erdos, Marian Lake and Jennifer Piepszak.
Having previously provided services at these banks at HSBC
Pam Kaur joined HSBC in April 2013 from Deutsche Bank. Prior to taking on the role of Chief Financial Officer, she served as Group Chief Risk and Compliance Officer. Prior to joining HSBC, Pam Call also held senior positions at Citibank and Lloyds Banking Group and worked at Royal Bank of Scotland. If we look at her LinkedIn profile, Pam Kaur describes herself as a diversity supporter.
Pam Kaur has nearly four decades of experience, including 15 years at Citibank. In this position, he will receive a salary of over Rs 21 crore along with other perks.
Will take office on January 1, 2025
Indian-born Pam Kaur will succeed Georges Elhedary, who was appointed chief executive of HSBC earlier this year. Kaul’s appointment will be effective January 1, 2025. HSBC has shared information about Kaur’s appointment with the Hong Kong Stock Exchange. “We have a strong pipeline of internal and external candidates to choose from, and Pam Kaur is the leader of the board,” said Elhadary, who previously served as the company’s chief financial officer.
HSBC was founded in 1865. Speaking of HSBC shares, it is trading at 680GBX. Over the past year, this bank stock has returned more than 11% for investors.
