Ms Murray will also be appointed as a member of the Group Audit Committee, Group Risk Committee and the Nomination & Corporate Governance Committee.
HSBC Holdings plc (LON:HSBA) today announces the appointment of Eileen K Murray as an independent non-executive Director of the Company. Her appointment will take effect from July 1, 2020.
She will also be appointed as a member of the Group Audit Committee, Group Risk Committee and the Nomination & Corporate Governance Committee.
Ms Murray has more than 40 years of experience in financial services. She was recently elected designate Chair of the Financial Industry Regulatory Authority (FINRA). Ms Murray most recently served as Co-CEO of Bridgewater Associates, LP. Prior to joining Bridgewater, she was Chief Executive Officer for Investment Risk Management LLC and President and Co-CEO of Duff Capital Advisors.
Ms Murray commenced her professional career in 1984 at Morgan Stanley, where she held several senior positions including Controller, Treasurer, and Global Head of Technology and Operations, as well as Chief Operating Officer for the firm’s Institutional Securities Group. From 2002 to 2005, she was Head of Global Technology, Operations and Product Control at Credit Suisse and served on the firm’s management and executive board.
As an independent non-executive Director, Ms Murray will not have a service contract with HSBC Holdings plc and will be paid total fees of £244,000 per annum pursuant to the Directors’ remuneration policy approved by shareholders at the 2019 Annual General Meeting. The total per annum fees consist of: £127,000 for her role as independent non-executive Director, £40,000 as a member of the Group Audit Committee, £40,000 as a member of the Group Risk Committee, £33,000 as a member of the Nomination & Corporate Governance Committee and a £4,000 Travel Allowance.
Ms Murray’s appointment as a Director of HSBC Holdings plc is subject to election by shareholders at the 2021 Annual General Meeting and annual re-election thereafter. Her initial three-year term will run from her initial election, if successful, until the 2024 AGM.