{"text":[[{"start":11.16,"text":"HSBC chief financial officer Pam Kaur will leave the bank next year in the latest reshuffle of the top ranks of Europe’s largest lender."}],[{"start":19.84,"text":"Kaur will step down before the bank’s next annual shareholder meeting next year, HSBC said on Thursday."}],[{"start":26.38,"text":"The announcement of her departure comes less than two years after she was named finance chief, an appointment that was made shortly after Georges Elhedery took the reins as chief executive in 2024."}],[{"start":37,"text":"“With the bank in a strong place, financially and strategically, 2027 feels the right time in my career to embrace new leadership opportunities and apply my experience in a different context,” Kaur said."}],[{"start":50.32,"text":"The move comes after HSBC’s global head of insurance, Edward Moncreiffe, stepped down in August."}],[{"start":56.512,"text":"Elhedery praised Kaur’s “deep experience, strong judgment and firm commitment to financial discipline”. The bank said she would remain in an advisory role to advise the chief executive on “ongoing strategic projects” and to ensure a smooth transition."}],[{"start":71.4,"text":"Kaur joined HSBC from European rival Deutsche Bank in 2013 as head of the group’s internal audit. She was appointed to the board in January 2025 following her promotion to chief financial officer, and Elhedery said at the time that Kaur had been chosen from a “strong bench of internal and external candidates”."}],[{"start":90.24,"text":"The bank said it had started a search process for its next finance chief, looking at both internal and external candidates."}],[{"start":97.08,"text":"HSBC was widely regarded as having bungled the recruitment process last year to replace Sir Mark Tucker as chair, after it narrowed down the list of candidates to two but ultimately appointed the then-interim chair Brendan Nelson on a permanent basis."}],[{"start":111.858,"text":"Elhedery has overseen an overhaul of the bank and its leadership since he became chief executive in September 2024. He has almost halved the group operating committee, which is responsible for the day-to-day management of the bank and implementing its strategy, to about 12 executives."}],[{"start":128.24,"text":"HSBC’s London-listed shares were down 1.5 per cent to £15.25 in the London morning. Its shares have gained 28 per cent since the start of the year."}],[{"start":145.28,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1789040638_6435.mp3"}