HSBC Holdings has promoted its group chief risk officer Marc Moses to its main board.

He will continue to be a member of the Group Management Board.

Marc Moses has been group chief risk officer since December 2010. He joined HSBC in November 2005 as chief financial and risk officer of global banking and markets. In January 2008, he was given additional responsibility for operations and infrastructure in global banking & markets.

Marc began his career at Sedgwick before joining Bankers Trust as a fixed income, money market and futures trader. A qualified accountant, he was audit partner and head of the market risk advisory group at PricewaterhouseCoopers. In 1999, he joined JP Morgan as European chief financial officer and global head of the valuation control group.

Douglas Flint, chairman, HSBC Group, said, "Marc’s appointment to the Board reflects the criticality to the Board of the risk function and recognises his personal contribution to the Group over the past eight years and, in particular, his leadership of that function since his appointment as Group Chief Risk Officer in December 2010."