Stuart Nivison is moving roles within HSBC to become the bank’s global head of business banking.
Based out of London, he will be responsible for overseeing the development and delivery of services for the bank’s SME in customers in 27 countries. He succeeds Raman Rai to the position, who will return to her home country of Canada to become head of payments and cash management.
Nivison joined HSBC in 1989, and since then has gained experience in Europe, Asia and the Middle East. His most recent role was as global head of audit for commercial position, a position which he took on in early 2011.
He comments on his new role: “Business banking is a major component of HSBC’s commercial banking strategy because SMEs are at the forefront of economic activity in all the markets we serve. We launched more than US$17bn of SME funds and loan programmes globally since the start of last year, and I’m looking forward to building on this fabulous platform for growth.”