Diane Reyes, HSBC’s highest-ranking senior female executive based in the United States, will retire from her post at the London-based company by the end of the year.
In an internal memo sent Thursday to employees, HSBC announced that Reyes’s 10-year run as global head of HSBC’s liquidity and cash management division would end during the fourth quarter. Reyes, who joined HSBC from Citigroup, will be succeeded by a current Citigroup executive — Manish Kohli, who is the global head of Citi’s payments and receivables business.
Reyes has been a mainstay on American Banker’s Most Powerful Women in Banking list for more than a decade, both at Citi and HSBC. Last year, she led HSBC through a digital transformation that resulted in record payment volumes and value across online and mobile channels,
In the memo, Greg Guyett, co-CEO of global banking and markets, and Barry O’Byrne, the CEO of global commercial banking, said that under Reyes’s leadership, HSBC has “continued to gain market share and digitize at scale to make it faster and easier for [its] cash management and liquidity clients to do business.” The pair also highlighted HSBC’s investments in digital platforms, real-time payments, liquidity solutions, commercial cards and mobile collections.
Like Reyes, Kohli will be based in New York. He has worked for Citi for more than two decades in Asia, Europe, the Middle East, Africa and most recently in the U.S.
In Kohli’s new role, he will be in charge of growing global liquidity and cash management revenues and expanding products and digital tools for clients.
He will report to Guyett and O’Byrne.
