HSBC's first female CFO Pam Kaur to step down

HSBC said on Thursday that Pam Kaur, the bank's first female chief financial officer, will step down from the role before the annual general meeting in 2027 and will not stand for reelection to the board. Kaur, who has held the position since January 2025, will move into an advisory role supporting Chief Executive Georges Elhedery on strategic projects, a capacity the bank said she will continue in through the end of 2028. In a statement, Kaur said that with the bank in a strong place financially and strategically, 2027 feels the right time in her career to embrace new leadership opportunities and apply her experience in a different context. HSBC Chair Brendan Nelson cited her achievements, dedication and service, saying she had demonstrated strong judgment and integrity across her roles in internal audit, risk and compliance, and finance. Elhedery thanked her for her support and partnership and said he was pleased that this would continue in her capacity as an adviser. The bank said it has begun a search for Kaur's successor that will consider both internal and external candidates.