A BANKER who has previously worked at Barclays and Clydesdale has been named as the new head of HSBC in Scotland.
Alison McGregor will take over from Doug Baikie as the banking giant’s Scottish chief executive, just four months after joining the group as director of corporate banking, UK North.
She will also continue in that role, where she has responsibility for corporate banking centres across Scotland, north-west England, Yorkshire and the Midlands.
Baikie, who had been acting chief executive of Scotland for the past year, will continue as head of corporate banking for Scotland.
Before joining HSBC in March, McGregor was regional then national director of corporate, structured and acquisition finance for Clydesdale Bank. Prior to that she worked for Barclays for more than 20 years.
HSBC said it had seen “significant” growth north of the Border over the past three years, having set up three corporate and commercial banking teams in Aberdeen, Edinburgh and Glasgow. It has also increased its retail branch network and headcount as part of a £10 million investment programme targeting towns and cities such as Dumfries, Falkirk and Stirling.
McGregor said: “Having worked in Scotland for the majority of my career, I have a strong appreciation of Scotland’s commercial heritage and track record in innovation.”
Antonio Simoes, deputy chief executive of HSBC Bank, said: “Scotland is an important and growing market for HSBC. We continue to increase lending to Scottish businesses.”