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HSBC appoints Steve Hughes as CEO and head for Australia and New Zealand banking

Published by Global Banking & Finance Review

Posted on November 20, 2025

1 min read

· Last updated: January 20, 2026

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HSBC appoints Steve Hughes as CEO and head for Australia and New Zealand banking
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(Reuters) -HSBC has appointed Steve Hughes as CEO and head of Banking for Australia and New Zealand, effective January 1, 2026, a company spokesperson said on Thursday. Hughes, who joined HSBC in 2015

HSBC Appoints Steve Hughes as New CEO for Australia & NZ

(Reuters) -HSBC has appointed Steve Hughes as CEO and head of Banking for Australia and New Zealand, effective January 1, 2026, a company spokesperson said on Thursday.

Hughes, who joined HSBC in 2015, has led the wholesale banking division for Australia and New Zealand since January 2023. He previously spent over 20 years at The Royal Bank of Scotland, specializing in international banking operations.

Antony Shaw will step down as CEO of HSBC Australia and New Zealand by the end of the year, concluding over 19 years with the bank.

Appointed to his current role in September 2022, Shaw brings more than 30 years of experience in the banking sector, having worked with both local and international institutions.

(Reporting by Sherin Sunny in Bengaluru; Editing by Sherry Jacob-Phillips)

Key Takeaways

  • Steve Hughes appointed as CEO for HSBC Australia and New Zealand.
  • Hughes' role effective from January 1, 2026.
  • Antony Shaw to step down by the end of the year.
  • Hughes has been with HSBC since 2015.
  • Hughes previously worked at The Royal Bank of Scotland.

Frequently Asked Questions

What is a financial community?
A financial community encompasses a network of individuals and organizations involved in the finance sector, including banks, investment firms, regulatory bodies, and financial professionals, working together to facilitate financial transactions and services.
What is banking management?
Banking management involves the administration and oversight of banking operations, including risk management, compliance, customer service, and financial performance, ensuring that the bank operates efficiently and adheres to regulations.
What is an appointment in a corporate context?
An appointment in a corporate context refers to the formal designation of an individual to a specific position or role within an organization, often involving responsibilities and authority to make decisions related to that position.

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