British banking giant HSBC has named Patrick Burke as president and chief executive of its US business, with effect from 1 November 2014.
Burke succeeds Irene Dorner, who will retire after a 32-year of service at HSBC.
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Burke was appointed CEO of HSBC Finance Corporation in 2010, assuming responsibility for winding down the legacy Household consumer finance business. Burke joined the Group in 1989 and was appointed a group general manager in 2011.
Further, the bank has appointed Rhydian Cox as head of regulatory remediation of HSBC US, a new role, and an executive director of HSBC North America Holdings, HSBC USA, HSBC Bank USA, and HSBC Finance Corporation with effect from 30 June 2014.
Cox will report to the chief executive of HSBC US and to Marc Moses, executive director and group chief risk officer.
Cox will chair a new US Remediation Committee which will drive the regulatory remediation of high-risk items, including significant control items.
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By GlobalDataCox was appointed chief risk officer for Asia-Pacific in 2008. He joined the group in 1984 and was appointed a group general manager in 2013.
