HSBC'S new management team meets shareholders

HSBC's Chief Executive Officer, Chris Hothersall, and Chief Operating Officer, Tim Fitzpatrick, met with shareholders for the first time since taking over the bank's top two management posts.

Having been introduced to shareholders by HSBC Bank Malta's chairman, Albert Mizzi, Mr Hothersall explained the new management team's aims for the coming months and also the approach that will be adopted to achieve these aims. He also gave detailed information about the financial performance of HSBC Bank Malta and of its various subsidiary companies.

Shareholders were also shown a presentation detailing other initiatives such as staff training exercises and HSBC's work in the community, particularly through the HSBC Cares for Children Fund.

Following the presentations, HSBC's shareholders were also given the opportunity to ask questions. Both Mr Hothersall and Mr Fitzpatrick, as well as other senior members of HSBC's management, answered various interesting questions.

"Our first meeting with HSBC Malta's shareholders was certainly enlightening and we will be paying close attention to the number of interesting points raised during the meeting," said Mr Hothersall.

"HSBC is committed to listening to all of its stakeholders, be they shareholders or customers, and to doing its best to continue delivering the best range of financial services products to customers and excellent financial results for shareholders," he concluded.