HSBC USA Announces Four New Appointments to Its Boards of Directors

HSBC Bank USA today announced the recent appointments of 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. Flowers and Madison’s appointments are effective as of Jan. 11 while Bailey and Schroeder were appointed in late October 2021.

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Deborah P. Bailey (Photo: Business Wire)

“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,” said Jamie Forese, Non-Executive Chairman of the Board, HSBC North America Holdings Inc., and Director of HSBC Holdings plc. “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.”

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. She began her career with the Office of the Comptroller of the Currency, where she held various roles, including the New York Field Office Director. Bailey later joined the Board of Governors of the Federal Reserve, where she rose to Deputy Director of Banking Supervision and Regulation and helped steer the financial industry through major regulatory and supervisory changes stemming from the financial crisis.

Flowers is a former Corporate Vice President of the Internal Audit and Risk Management function at Microsoft Corporation. During his time at the company, Flowers 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, where he facilitated organic and inorganic strategies to scale the businesses through a period of rapid technological advancement.