Kavita Mahtani was appointed chief financial officer of HSBC North America Holdings.
She will be responsible for the financial operations of HNAH and all its subsidiaries, including HSBC USA and HSBC Bank USA and will oversee the financial functions of HSBC’s U.S. operations including accounting, regulatory reporting, stress testing and capital management.
Mahtani also will have oversight of financial functions across the Americas region. Gerhardt Samwell, CFO for HSBC Bank Canada, and Martin Peusner, CFO, HSBC Latin America and Mexico, will report to her.
Based in New York, Mahtani will report to Patrick J. Burke, president and CEO, HSBC USA, and will join the U.S. Executive Committee. The appointment is effective Oct. 1, 2019.
“We are focused on improving returns of HSBC’s U.S. operations through client-centric revenue growth and cost-control and reinvestment, and as our strategy gains momentum, we need a strong financial leader,” said Burke. “Kavita’s depth of experience will help us achieve our financial objectives as we continue to strengthen client relationships and derive greater value from HSBC’s global network and universal banking model.”
Mahtani has 25 years of experience in financial services and a broad strategic knowledge of banking. She joins HSBC from Citigroup, where she has most recently served as head of Asset and Liability Management for Citi Corporate Treasury. She has held a number of significant strategic roles at Citigroup, including chief financial officer, Global Corporate & Investment Banking; global head of Financial Planning and Analysis; and director, Investor Relations. Before joining Citigroup in 2006, she held key roles at Merrill Lynch and Morgan Stanley.