HSBC Bank USA has appointed Deborah P. Bailey, Melvin L. Flowers, George W. Madison and Alice D. Schroeder to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A. (HBUS) Boards of Directors.
In a press release, the company has announced that Flowers and Madison’s designations are effective as of January 11 while Bailey and Schroeder were appointed in late October 2021.
“We are delighted to welcome Deborah, Melvin, George and Alice to our Boards. They each have wide-ranging expertise from a variety of industries and we’re confident they will make valuable contributions to our Boards as we continue to transform and grow our US business“, said Jamie Forese, Non-Executive Chairman of the Board, HSBC North America Holdings Inc., and Director of HSBC Holdings plc.
Experienced and diverse
Bailey is a former Managing Director with KPMG and Deloitte, where she led advisory practices specializing in governance, compliance and risk management for financial institutions. Prior to her consulting career, Bailey spent many years in government service at US financial regulators, like the Board of Governors of the Federal Reserve, where she rose to Deputy Director of Banking Supervision and Regulation.
Flowers is a former Corporate Vice President of the Internal Audit and Risk Management function at Microsoft Corporation. During his time at the company, he transformed Microsoft’s internal audit and enterprise risk management functions into a strategic risk-based organization that covered financial reporting, risk management, cyber security, privacy and compliance with regulations and company commitments. Prior to joining Microsoft, Flowers served as Chief Financial Officer at Novatel and at two high-growth telecommunications equipment manufacturers.
Madison is a former Partner at Sidley Austin LLP, where he advised the firm’s multinational clients on corporate governance issues and regulatory compliance matters. Prior to joining Sidley Austin, Madison served as General Counsel of the Department of the Treasury under President Obama and as a senior advisor to Secretary of the Treasury Timothy Geithner. In this capacity, Madison played an instrumental role in the formulation of the Dodd-Frank legislation and related regulation, and advised on the creation of the Financial Stability Oversight Council and the Consumer Financial Protection Bureau.
Lastly, Schroeder is an experienced non-executive director, whose board roles include UK and US-listed businesses as well as privately held companies and regulated subsidiaries. She began her career as a CPA with Ernst & Young and spent the majority of her executive career in the financial services sector. She worked as a Wall Street analyst with a focus on insurance and investment management before joining Morgan Stanley where she was a Managing Director leading the global insurance research team.
“When we set out to appoint new members to our Boards, we were focused on finding experienced individuals who would bring diverse views and perspectives,” commented Forese,
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