Good morning. HSBC Holdings Plc, in business for 159 years, is making history in its C-suite as it embarks on a company reorganization. Pam Kaur was promoted to CFO—the first woman in the role, the bank announced on Tuesday. She will begin her tenure as chief financial officer and an executive director of the board of directors on Jan. 1.
Kaur joined HSBC in April 2013 and went on to hold several leadership roles, most recently, chief risk and compliance officer. She succeeds the former CFO, Georges Elhedery, who was promoted to CEO.
