HSBC today announced the appointment of Alan Duffy as the new CEO for Ireland.
He will be responsible for HSBC’s corporate banking, securities services and insurance businesses in Ireland, which together employ 450 people. Duffy replaces Stephen Young who is returning to HSBC in the UK.
Duffy joined HSBC Ireland in July 2006 to help establish its corporate banking business. He will maintain his role as head of Corporate Banking Ireland as part of his new remit as Country CEO.
“I’m delighted to be taking responsibility for a strong, profitable business with clear credentials as Ireland’s leading international bank,” Duffy said. Our securities services business has cemented its place as a key hub for HSBC’s European operations, transitioning HSBC business from New York, Bermuda and Guernsey in recent years and reaching the $105bn assets under management mark. Our Corporate Banking business is also going from strength to strength and is working with top tier Irish corporates with international businesses and growing ambitions.”
Commenting on Duffy’s appointment, Chris Davies CEO, International Europe said: “HSBC has been operating and investing in Ireland since 1979 and we’ve grown substantially since then. Under Stephen’s leadership the Irish business has gone from strength to strength; and in appointing Alan, who has been integral to that success, we are recognising the capabilities of the local team.”
Duffy has 25 years corporate banking experience and prior to joining HSBC, he held the position of Head of Wholesale Banking for ING Bank N.V in Dublin. He has also worked with Banque Bruxelles Lambert and Canadian bank Scotiabank and Alan has extensive experience of international corporate banking markets.