Pam Kaur: Who is She? 160-Year History is Being Changed

Pam Kaur, a banker of Indian descent, has been named the new Chief Financial Officer (CFO) of HSBC Holdings. She is the first woman to occupy this role in the 160-year history of the bank, succeeding Georges Elhedery. With effect from January 1, 2025, Kaur, 60, will also serve as the Executive Director of the Board of Directors, the company announced in a news release.The Career Milestones of Pam Kaur ~ (Source: Google Images)  Based in the United Kingdom Pam Kaur graduated from Punjab University in Chandigarh with a B.Com. (Honours) and an MBA in Finance. She began her career in internal audit at Citibank before becoming a chartered accountant at Ernst and Young (EY). She has nearly forty years of illustrious financial experience. Kaur has held key roles at a number of global financial institutions, such as Group Head of Compliance and Anti-Money Laundering at Lloyds TSB, CFO and COO of the Restructuring and Risk Division at Royal Bank of Scotland Group PLC, and Global Head of Group Audit for Deutsche. In addition, Kaur has held the positions of Global Director of Compliance for Citigroup's Global Consumer Group and Chief Compliance Officer at Citigroup International. At the moment, she serves as 'Abrdn PLC's' non-executive director. The Institute of Chartered Accountants in England and Wales counts her as a Fellow Member. In April 2013, Kaur left Deutsche Bank to become Group Head of Internal Audit at HSBC. In January 2020, she joined HSBC as Group Chief Risk Officer, and in June 2021, she assumed responsibility for Compliance. In addition to being a global sponsor of HSBC's 'Embrace' employee network, which strives to assist recruit, retain, and engage a more varied ethnic and multicultural workforce among the lender's 225,000 employees worldwide, Pam Kaur identifies herself as a “passionate supporter of diversity and inclusion.”