23 May 2013
SIR SIMON ROBERTSON APPOINTED CHAIRMAN OF THE HSBC GROUP REMUNERATION COMMITTEE AND
JOACHIM FABER APPOINTED CHAIRMAN OF THE HSBC GROUP RISK COMMITTEE
Sir Simon Robertson (72), senior independent non-executive Director and Deputy Chairman of HSBC Holdings plc, has been appointed Chairman of the Group Remuneration Committee to succeed John Thornton. Joachim Faber (63), an independent non-executive Director of HSBC Holdings plc, has been appointed Chairman of the Group Risk Committee to succeed Rona Fairhead. Both appointments are with effect from the conclusion of the Annual General Meeting on 24 May 2013.
For and on behalf of
HSBC Holdings plc
R G Barber
Group Company Secretary
Supplementary information:
As non-executive Directors, Sir Simon Robertson and Dr. Faber do not have a service contract with HSBC Holdings plc. They are each paid a Director's fee of £95,000 per annum, as authorised by shareholders at the 2011 Annual General Meeting. Sir Simon is also paid a fee of £45,000 per annum as senior independent non-executive Director and a fee of £40,000 per annum as Chairman of the Nomination Committee and will receive a fee of £50,000 per annum as Chairman of the Group Remuneration Committee. Dr. Faber is also paid a fee of £30,000 per annum as a member of the Group Risk Committee, which will increase to £50,000 per annum as Chairman of that committee. Fees paid to the senior independent non-executive Director and to members and chairmen of committees were approved by the Directors in 2011.
No shareholder is entitled to exercise or control the exercise of 10% or more of the voting power at any general meeting of the company.
Sir Simon Robertson has an interest as beneficial owner in 9,646 HSBC Holdings plc US$0.50 Ordinary Shares.
Dr. Faber has an interest as beneficial owner in RMB5.1 million 2.875% Notes 2015 issued by HSBC Bank plc.
Save as disclosed above there is no other information required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange of the Hong Kong Limited.
Media enquiries to Brendan McNamara on +44 (0) 20 7991 0655 or at brendan.mcnamara@hsbc.com
Notes to editors:
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1. Brief biography of Sir Simon Robertson
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Sir Simon Robertson is the founding member of Robertson Robey Associates LLP, formerly Simon Robertson Associates LLP. He is a non-executive director of Berry Bros. & Rudd Limited, The Economist Newspaper Limited and Troy Asset Management. He is a partner of NewShore Partners LLP and trustee of the Eden Project Trust and the Royal Opera House Endowment Fund. He was formerly a Managing Director of Goldman Sachs International and Chairman of Rolls-Royce Holdings plc and Dresdner Kleinwort Benson. Sir Simon Robertson is married with three children and lives in London.
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2. Brief biography of Dr Joachim Faber
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Dr Joachim Faber LLB, PhD, was the Chief Executive Officer of Allianz Global Investors AG and a member of the Management Board of Allianz SE until 31 December 2011. He is an independent director of Coty Inc., Allianz France SA and Allianz Investment Management GmbH as well as the Chairman of the board of Joh A. Benckiser SARL and the supervisory board of Deutsche Boerse AG. He is a member of the supervisory board of the European School for Management and Technology, the advisory board of the Siemens Group Pension Board and a member of The German Council for Sustainable Development.
Before joining Allianz, Dr. Faber spent 14 years at Citicorp, where he held several positions in Trading and Project Finance and, for the last 3 years, was Head of Capital Markets for Europe, North America and Japan. He holds a Law Degree from Bonn University and was awarded his doctorate from the University of Administrative Sciences in Speyer which included undertaking research at the Sorbonne, Paris. Dr. Faber is married with 5 children and lives in Germany.
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3. The Board of Directors of HSBC Holdings plc as at the date of this announcement is:
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D J Flint, S T Gulliver, S A Catz†, L M L Cha†, M K T Cheung†, J B Comey†, J D Coombe†, J Faber†, R A Fairhead†, R Fassbind†, J W J Hughes-Hallett†, W S H Laidlaw†, J P Lipsky†, J R Lomax†, I J Mackay, Sir Simon Robertson† and J L Thornton†.
† Independent non-executive Director
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,600 offices in over 80 countries and territories in Europe, Hong Kong, Rest of Asia-Pacific, North and Latin America, and the Middle East and North Africa. With assets of US$2,681bn at 31 March 2013, the HSBC Group is one of the world's largest banking and financial services organisations.