- WIB PH
Diane D'Erasmo has made her bosses look good for choosing her to manage the U.S. investments of overseas clients.
September 22 - WIB PH
A commercial banker with deep experience covering the apparel, jewelry and retail sectors, Diane D'Erasmo took on a new role at HSBC last October, overseeing the flow of foreign business into the company's U.S. subsidiary.
September 18
Diane D'Erasmo
North America Regional Head of Retail, Corporate Banking, HSBC
Diane D'Erasmo says that 2014 was one of the most challenging years of her career.
With HSBC undergoing a massive restructuring in an effort to rein in costs, D'Erasmo wound up with new responsibilities on top of managing the U.S. investments of overseas clients. They included overseeing the middle-market business in the Northeast and planning an initiative to capture more trade business across the U.S., Mexico and Canada.
She also had a new boss who came from outside HSBC and was unfamiliar with the business D'Erasmo managed.
"My approach was to stay focused and positive," says D'Erasmo. "Change is unsettling to a lot of people and I believe my leadership, technical and people skills allowed me to handle all of the projects I was asked to."
Even as her duties mounted, the multinational business unit she ran thrived, generating 24% revenue growth in 2014 compared with a year earlier.
D'Erasmo is now in a new role, managing the business that provides banking services to retail, apparel, diamond and jewelry companies in the United States and Canada. These are core industries for the global HSBC in two of its most important growth markets.
Outside of HSBC, D'Erasmo is a board member with the Big Brothers Big Sisters of New York City. A fundraising event she chaired for the organization last year took in $225,000, exceeding its goal by $25,000.
