Financial Stocks Midpoint= HSBC Holdings plc (ADR) (NYSE:HSBC), Lloyds Banking Group PLC (ADR) (NYSE:LYG)

HSBC Holdings plc (ADR) (HSBC) announced that Bill Shannon recently joined as Head of the Central Region. Based in Chicago, Bill will be responsible for growing the US business in an important target area of the country. He leads a team of professionals serving the investment management, lending, trust, wealth planning and banking needs of high net worth and ultra-high net worth clients. He has more than 20 years of experience in wealth management.

“We are thrilled to have Bill join our team,” said Joe Abruzzo, Head of HSBC Private Bank, North America. “His experience in the industry, knowledge of the market and dedication to client service will be instrumental in growing our business in this important region.”

Bill received a bachelor’s degree in economics from the University of Illinois at Urbana/Champaign including a semester at Denmark’s International Study Program in Copenhagen. He also holds a MBA with distinction in international business and finance from DePaul University in Chicago. Bill was also awarded the Certified Investment Management Analyst (CIMA®) designation after studying at The Wharton School of the University of Pennsylvania.

“I look forward to utilizing HSBC’s proposition to provide the best ideas, service and advice for clients,” said Shannon.

An active Board Member of the Barrington Area Community Foundation and WINGS Program, Inc., Bill lives in the Chicago area with his wife Heidi and four children.

Lloyds Banking Group PLC (ADR) (LYG) provides banking and financial services to individual and business customers in the United Kingdom and internationally. The company operates through four segments: Retail, Commercial Banking, Consumer Finance, and Insurance. The Retail segment offers a range of financial service products, counting current accounts, savings, personal loans, and mortgages to wealth and small business customers; and distributes insurance, protection and credit cards, and a range of long-term savings and investment products. The Commercial Banking segment provides lending, transactional banking, working capital administration, risk administration, and debt capital markets services, in addition to private equity financing to various clients comprising small and medium-sized companies, mid-markets, corporates, and financial institutions. The Consumer Finance segment offers motor finance, credit cards, European mortgages and deposit taking, and car leasing services to consumers and commercial customers. The Insurance segment provides long-term savings, retirement solutions, and protection products through the intermediaries and direct channels; home insurance products through branch network, direct channels, and planned corporate partners; and annuities. It also offers personal and commercial insurance brokerage services. This segment provides its products under the Lloyds Bank, Halifax, and Bank of Scotland brands to retail and corporate customers. Lloyds Banking Group plc was founded in 1695 and is headquartered in London, the United Kingdom.

 

 

 

 

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