HSBC group COO John Hinshaw steps down after five years
John Hinshaw, HSBC’s group COO, is stepping down after a five-year stint and will take six months of gardening leave.
John Hinshaw to depart HSBC to go on gardening leave (Image: LinkedIn)
During his tenure, Hinshaw has also maintained a position on the HSBC Innovation Banking board of directors since 2023, and is said to have improved the group’s “third-party supplier relationships, refreshed the group’s approach to innovation, and led the work to identify and secure the group’s new global headquarters in London”.
Looking ahead, newly appointed HSBC group CEO Georges Elhedery has “reviewed the accountabilities of the current GCOO role” and will divide them between two new group executive committee-level positions: an “elevated and expanded” group chief information officer (GCIO) role, and a newly defined group COO, according to a company statement.
Stuart Riley has been appointed as GCIO, overseeing HSBC’s data and innovation efforts. He joined the company in February after serving as global co-CIO at Citi for six months, where he co-led the US bank’s technology unit.
Meanwhile, Suzy White, a seasoned HSBC veteran and current global banking and markets COO, has been appointed interim GCOO while the “formal recruitment process is carried out”.
With over 25 years at HSBC, White has held various key roles, including COO for global markets and securities services, as well as chief risk officer for global banking markets and commercial banking in the US.
Hinshaw joins a growing number of senior leaders departing HSBC this year, including group CEO Noel Quinn, who announced his retirement in April, and digital chief Ashief Danga, who left for AXA Health in September.
