Change at top of bank
McGregor leaving HSBC as ringfencing impacts top roles
Alison McGregor: high profile roles
HSBC Scotland chief executive Alison McGregor is stepping down and will not be replaced as her role is impacted by new ringfencing regulations.
The bank said it will not appoint a new chief executive north of the border when she leaves the Glasgow-based post at the end of the year to pursue a portfolio of non-executive directorships.
All banks are subject to new industry regulations ringfencing the public from risky investments which has prompted some restructuring of operations.
Ms McGregor currently leads a team of over 4,000 employees across a range of businesses. In addition to responsibility for people, customers and shareholders she has primary responsibility for maintaining the group’s relationship with key external stakeholders and senior leaders with an interest and responsibility for supporting the growth of the economy.
A prominent figure within the UK financial services sector, she was recognised at the inaugural Scottish Women’s Awards, where she was named Scottish Corporate Leader of the Year 2017.
Ms McGregor served as chairman of CBI Scotland from September 2015 until September 2017.