Another month brings news of an Indian-origin industry veteran stepping into a leadership position at a global firm, this time at HSBC. The financial services giant has announced Pam Kaur’s elevation as its first female Chief Financial Officer, effective January 1, 2025, as detailed in regulatory filings with the Hong Kong Stock Exchange. Kaur will succeed interim CFO Jon Bingham in this pivotal role.
Residing in London with her husband, Kaur joined HSBC in 2013 as head of auditing and has climbed the ranks at least three times over the past 11 years, culminating in her current position as Group Chief Risk and Compliance Officer. Her upcoming appointment is the second major leadership change for HSBC in recent months, following the appointment of Georges Elhedery as CEO in July.
With a Bachelor of Commerce (Honors) and an MBA in Finance from Panjab University in India, Kaur boasts nearly 40 years of industry experience. She will make history as HSBC’s first female CFO, a notable milestone for the bank as it approaches its 160th anniversary in 2025.
Kaur’s new role comes at a time of rapid change in the macroeconomic landscape, particularly regarding technology’s influence. At 60, an age typically seen as nearing retirement, Kaur embodies a modern approach to career development. She emphasized this in a LinkedIn post from three years ago, highlighting the importance of continuous learning in an ever-evolving world.
Kaur reflected on her unique journey, noting that comparing oneself to others can often be discouraging. Instead, she draws inspiration from successful individuals, motivated by their achievements and energy.
Throughout her career, Kaur has gained extensive experience, beginning as a chartered accountant at Ernst & Young and later working in internal audit at Citibank. While younger professionals often change jobs frequently, Kaur’s tenure exemplifies commitment; she has spent over 11 years at HSBC and more than 15 years at CitiGroup, where she held various positions. Her career also includes time at Lloyds Banking Group, RBS, and Deutsche Bank.
Additionally, HSBC is undergoing restructuring to consolidate its commercial banking operations, excluding those in the UK and Hong Kong, as part of its global banking and markets strategy.
