Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

HSBC Hires Lloyds Compliance Executive for European Role

HSBC Holdings Plc, Europe’s biggest bank, hired Alison Hewitt from Lloyds Banking Group Plc as European head of regulatory compliance.

Hewitt reports to the global head of regulatory compliance, Ruth Horgan, a spokesman for HSBC in London said by telephone today.

Hewitt joins as HSBC bolsters its regulatory oversight after it paid $1.9 billion to close a money-laundering probe by the U.S. Department of Justice and other banking regulators in 2012. The bank hired Horgan from KPMG LLP in 2013 after David Bagley quit amid claims the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering.

Globally, banks are under intense scrutiny over regulatory compliance. BNP Paribas SA, France’s largest bank, is close to paying as much as $9 billion to settle allegations it violated U.S. sanctions, while Credit Suisse Group AG paid $2.6 billion and pleaded guilty to helping Americans cheat on their taxes.

Hewitt was previously retail business risk director at Lloyds, responsible for compliance at the 25 percent taxpayer-owned bank’s consumer division. Before joining Lloyds in 2006, Hewitt worked for the U.K.’s Financial Services Authority managing teams in enforcement, policy and supervision.

Lloyds hired Greg Gould, previously U.K. chief risk officer for RSA Insurance Group Plc, to replace Hewitt, a spokesman for the bank said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.