financial officer

That year the chief financial officer of Chinese telecoms firm Huawei was arrested in Canada in response to a US warrant.

"We are beginning to see progress," said chief financial officer Ian Borden, while adding that the firm expected that its business in the Middle East would continue to be affected by conflict in the region.

As well as becoming HSBC's chief financial officer, Ms Kaur will take up the role of executive director of the board, which is subject to election at the firm's next annual general meeting.

As well as becoming HSBC's chief financial officer, Ms Kaur will also take up the role of executive director of the board, which is subject to election at the firm's next annual general meeting.

Chief financial officer John Lawler said the firm was adjusting its plans in response to "pricing and margin compression".