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August 04, 2015 2:26 PM ET

Banks

Company Overview of HSBC Bank USA, N.A.

Company Overview

HSBC Bank USA, N.A. provides commercial banking products and services to individuals, corporations, institutions, and government agencies. It offers personal financial services, including installment and revolving term loans, deposits, branch services, mutual funds, investments, and insurance, as well as residential mortgage lending services through direct retail and wholesale origination channels. The company also provides private banking services for high net worth individuals and families, including deposits, tailored credit and banking, investment management, trust and estate administration, custody, and retirement services, as well as wealth and tax advisory, philanthropy, family office...

1800 Tysons Boulevard

Suite 50

Mclean, VA 22101

United States

Founded in 1850

Phone:

716-841-7212

Fax:

716-841-2034

Key Executives for HSBC Bank USA, N.A.

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Senior Executive Vice President
Age: 66
Head of Corporate Investments Banking & Markets (CIBM) for North America, Chief Executive Officer of Hsbc Usa Inc and Head of Group Audit - Hsbc Holdings Plc
Age: 52
Chief Executive Officer of HSBC North America
Age: 56
Chief Executive Officer of HSBC Securities
Compensation as of Fiscal Year 2015.

HSBC Bank USA, N.A. Key Developments

US Judge Denies HSBC Bank USA NA's Bid to Dismiss NCUA Lawsuit

U.S. District Judge Shira Scheindlin on July 20 denied HSBC Holdings Plc unit HSBC Bank USA NA's appeal to dismiss a lawsuit alleging that the bank's failure as trustee for $2.37 billion of RMBS contributed to the collapse of five federal credit unions in the U.S. Scheindlin ruled that the National Credit Union Administration has standing to sue, despite the fact that much of the debt has been resecuritized and the new trustee refused to sue HSBC on the NCUA's behalf. The lawsuit is part of the NCUA's efforts to recover investment losses that brought about the collapse of the U.S. Central, Western Corporate, Constitution Corporate, Members United Corporate and Southwest Corporate credit unions in 2009 and 2010. Scheindlin also blocked HSBC's attempt to have the lawsuit, filed in March, thrown out on timeliness grounds.

HSBC Bank USA, N.A. Appoints Pablo Sanchez Head of Retail Banking and Wealth Management

HSBC Bank USA, N.A. has appointed Pablo Sanchez Head of Retail Banking and Wealth Management, effective June 1, 2015. In this New York City based role, Sanchez leads the U.S. Retail Banking and Wealth Management business, including Mortgage and Insurance, with oversight responsibility for the same business in Canada. Sanchez joins HSBC from JPMorgan Chase, where he held a number of retail banking leadership roles since 2006, including most recently as National Director, Consumer Banking. Before that he held executive positions at Home Loan Direct and in lending, mortgage, and retail operations at CitiMortgage- a subsidiary of Citigroup. Sanchez succeeds Kevin Newman, who will be retiring following an accomplished international HSBC career spanning 25 years.

HSBC Bank USA, N.A. Announces Executive Changes

HSBC Bank USA, N.A. has appointed Inwha Huh as Head of Global Trade and Receivables Finance (GTRF), US and Canada, effective June 23, 2015. Inwha will be responsible for leading and managing GTRF activities across the United States and Canada for Commercial and Global Banking clients. Inwha joins HSBC from GE Capital, where she established the Capital Markets practice as Managing Director and Head of Global Business Development & Capital Markets. Prior to this, Inwha held a variety of roles in trade finance and commercial banking in the U.S., UK and Asia. She will report jointly to Stuart Tait, Global Head of GTRF, and Wyatt Crowell, Senior Executive Vice President and Head of Commercial Banking, HSBC Bank USA. Inwha succeeds Prabhat Vira, who takes up the new role of Global Head of Strategic Transformation, GTRF, reporting to Stuart Tait.

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