HSBC has appointed
Mexico’s former finance chief Jose Francisco Gil Diaz as a non-executive
Diaz, was Mexican secretary of finance and public credit until 30 November
2006 before a new administration was voted in. Between 1997 and 2000 he was
chief executive officer of Avantel, a Mexican telephone and internet service
provider, after serving as vice-governor of the Central Bank of Mexico, where he
was director general of tax policy.
Diaz’s appointment comes as part of a sweeping reshuffle widely seen as a bid
to allay the concerns of jittery investors, following HSBC’s recent poor
The promotion of
Robertson, one of the City’s most prominent financial advisers to the role
of senior non-executive director represents another key posting as HSBC attempts
to bolster shareholder confidence.
HSBC, the world’s fourth-largest bank by market capitalisation, suffered a
share slump at the end of 2006, making it one of the worst-performing European
bank stocks of the year, the
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