{"id":159523,"date":"2024-10-23T06:45:30","date_gmt":"2024-10-23T06:45:30","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/23\/hsbcs-kaur-joins-list-of-indian-origin-cfos-times-of-india\/"},"modified":"2024-10-23T06:45:30","modified_gmt":"2024-10-23T06:45:30","slug":"hsbcs-kaur-joins-list-of-indian-origin-cfos-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/23\/hsbcs-kaur-joins-list-of-indian-origin-cfos-times-of-india\/","title":{"rendered":"HSBC&#8217;s Kaur joins list of Indian-origin CFOs &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-114484171,imgsize-798260,width-400,resizemode-4\/114484171.jpg?resize=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"HSBC&#8217;s Kaur joins list of Indian-origin CFOs &#8211; Times of India\" title=\"HSBC&#8217;s Kaur joins list of Indian-origin CFOs &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>HSBC<!-- -->, which was founded by a Scotsman more than 150-years ago, named <!-- -->Pam Kaur<!-- --> the first female chief financial officer in its history.<br \/>The 60-year-old brings a long focus on auditing, risks and compliance across almost four decades of <!-- -->banking career<!-- --> spanning various global lenders. She joined HSBC in April 2013 as internal audit head, coming aboard shortly after the bank admitted to anti-money laundering and sanctions violations and entered a deferred prosecution agreement with the US Justice department.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><img decoding=\"async\" alt=\"Indian CFOs\" msid=\"114484180\" width=\"600\" title=\"\" placeholdersrc=\"https:\/\/static.toiimg.com\/photo\/83033472.cms\" imgsize=\"23456\" resizemode=\"4\" offsetvertical=\"0\" placeholdermsid=\"\" type=\"thumb\" class=\"\" src=\"https:\/\/static.toiimg.com\/thumb\/imgsize-23456,msid-114484180,width-600,resizemode-4\/114484180.jpg\" data-api-prerender=\"true\"\/><\/div>\n<\/div>\n<p>Kaur, who was educated at Panjab University, takes on her new role at a challenging time as interest rates fall and amid <!-- -->geopolitical tensions<!-- --> in key markets, including China and Hong Kong.The bank on Tuesday unveiled a broad restructuring across different business lines and geographies as newly appointed Chief Executive Officer Georges Elhedery embarks on ambitious cost cuts.<br \/>HSBC will have to find a way to shave off $2 billion in costs in order to sustain a key measure of the bank&#8217;s profits, according to Bloomberg Intelligence.<br \/>&#8220;We had a strong bench of internal and external candidates to choose from and Pam was the exceptional candidate to recommend to the board,&#8221; said Elhedery, who was elevated from <!-- -->CFO<!-- -->, in a statement. Shares of HSBC slipped 0.4% at 1:03 p.m. in London.<br \/>With the promotion, Kaur becomes one of the most senior women in banking across Europe.<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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She joined HSBC in April 2013 as internal audit head, coming [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":159524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-114484171,imgsize-798260,width-400,resizemode-4\/114484171.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[124524,6534,124526,20983,15954,124525,273,37718,29763,1637,33821,3772,124523,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/159523"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=159523"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/159523\/revisions"}],"predecessor-version":[{"id":159525,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/159523\/revisions\/159525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/159524"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=159523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=159523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=159523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}