Portuguese in the running to head HSBC

 In Bankers, Banks, News

Nuno Matos, who headed HSBC Mexico and was Head of Santander Investment in France, Peru and Portugal, has been tipped as one of the front runner candidates to head the British bank HSBC.

Currently occupying the post of CEO of HSBC Wealth and Personal Banking, he could become the new CEO of HSBC which is looking to appoint its third CEO in nine years. Other possible candidates include the bank’s current CFO, Georges Elhedery and Greg Guyett who heads the bank’s investment arm, and Colin Bell who is responsible for the bank’s European business.

Nuno Matos has a long career in banking under his belt, joining HSBC six years ago after working for Santander where he worked for 20 years in various roles, heading Santander Investment in France, Peru and Portugal. Between 2015 and 2021 he was the CEO of HSBC Mexico and the regional head of Retail Banking and Wealth Management for Latin America.

Matos began his career at the Bank of Portugal and was a professor of Finances at Lisbon’s Católica where he did a Masters in Business Management and Finance.

According the Reuters the bank is considering both internal and external candidates after the current CEO, Noel Quinn announced his retirement in April. The choice of successor is expected to be announced later this month.