HSBC Bank Canada appoints B.C.’s Sandra Stuart as new CEO

Outgoing CEO returning to Latin America 

HSBC Canada Bank chief operating officer Sandra Stuart will take on the job of CEO, effective June 1.

Vancouver-based HSBC Bank Canada has selected a local to lead the institution as its new CEO.

Chief operating officer Sandra Stuart is succeeding outgoing CEO Paulo Maia effective June 1, the bank announced Monday (March 23).

B.C.-born Stuart already sits on HSBC Bank Canada’s board of directors and is a member of the University of B.C.’s Sauder School of Business faculty advisory board.

"Canada is a key market for HSBC and, particularly as a Canadian, I am extremely proud of our role in the HSBC Group,” she said in a statement, adding she plans to spend more time with customers and employees throughout the country in the short-term.

Stuart joined HSBC in 1982 and served as the chief information officer in the U.S. and head of information technology for the North American division’s Group Personal Financial Services.

Brazilian Maia, who was appointed to the top job in January 2013, will serve as HSBC Latin America’s CEO, effective July 1. He previously served as CEO of HSBC Bank Australia and deputy CEO of HSBC Bank Brazil.

"It has been a real privilege to work with our Canadian customers and the Canadian team,” he said in a statement.

Under Sandra's leadership, HSBC Bank Canada will continue to connect customers to opportunities, aligning with the trade flows between mature and faster-growing economies."