The new hire joined HSBC in 2004 and has been the senior executive of its international unit.

HSBC has appointed Graham FitzGerald as president and chief executive for HSBC Philippines, subject to regulatory approval, this publication understands.

FitzGerald will replace Wick Veloso, who is leaving the group to pursue other interests.

The new CEO, who joined HSBC UK in 2004, is currently the senior executive of international, a unit overseeing over 10 of the group's network markets in Asia. 

He has worked in a variety of roles for the group such as global relationship management, lending and transaction management, regional operations, and corporate banking. Also, he has worked in New Zealand, the UK, Hong Kong, and the United Arab Emirates where he was regional chief operating officer and then regional head of corporate banking for commercial banking business in the Middle East North Africa region.