HSBC has appointed Tracy Garrad as Chief Executive Officer for the bank’s operations in the Channel Islands and the Isle of Man.
Tracy, currently the Chief Executive Officer of First Direct, succeeds Ewan Stirling, who is retiring after more than 31 years with HSBC.
Based at HSBC International’s headquarters in Jersey, Tracy will oversee the local retail and commercial bank, HSBC Bank International, as well as the private banking and trust businesses of the HSBC Group in the islands.
She joined HSBC in June 2012, having spent 10 years at Banco Santander. She moved from her role leading HSBC’s contact centre services for Europe and the Middle East to First Direct in April 2013, and became Chief Executive there in May 2014.
Tracy will take up her appointment in mid-February, subject to regulatory approval.