B.C.’s fifth-largest privately owned company, HSBC Bank Canada, announced November 6 that Paulo Maia will replace Lindsay Gordon as CEO on January 7, 2013.
Gordon will remain with the bank’s parent, London-based HSBC Holdings plc, as a director of the French subsidiary, HSBC Bank France, subject to required approvals.
“After nine years as CEO of HSBC Bank Canada, it's the right time for me to move on to a new chapter of life,” said Gordon.
“I am very proud to have been associated with HSBC for 25 of its 31 years operating in Canada.”
Maia headed HSBC Bank Australia since July 2009 and previously held executive positions at HSBC Bank Brazil. Prior to joining HSBC in 1993, he held positions in corporate finance and corporate banking in New York, Rio de Janeiro and São Paulo with Chase Manhattan Bank.
HSBC Bank Canada chair Samuel Minzberg said that Maia makes for a good fit because Australia and Canada share similarities, particularly in regards to resources, cultural diversity and a strong banking system.
“Paulo Maia brings with him a wealth of international experience,” Minzberg said.
HSBC ranked No. 5 on Business in Vancouver’s latest list of the largest private companies in B.C. behind:
- Jim Pattison Group;
- Best Buy Canada Ltd.;
- HY Louie Co. Ltd.; and
- Westcoast Energy Inc.
