Tim Reid Takes on New Role at HSBC

HSBC has announced a significant appointment with Tim Reid joining the bank as its new Head of Banking, Germany and Country Manager for Barclays in Germany. This development marks an exciting new chapter for both Reid and the bank.

Reid brings over 20 years of investment banking experience to his new role, having previously spent more than 20 years at Goldman Sachs, where he was a Partner covering clients in the Financial Institutions sector across Europe. During his time at Goldman Sachs, he was involved in several notable IPOs, including those of Delivery Hero, HelloFresh, and Home 24.

In addition to his experience at Goldman Sachs, Reid has also spent four years as Chief Financial Officer of Rocket Internet SE, a publicly quoted internet company that he helped list in 2014. His extensive knowledge of the financial sector and technology will be invaluable assets for HSBC as it continues to expand its operations in Germany, Austria, and Switzerland.

As Head of Banking, Germany, Reid will lead banking activities in these countries, working closely with Dominik Huhle, Head of Banking Coverage, Germany and Austria, and Martin Gueldenberg. He will also be responsible for risk and control oversight of Barclays International's business in Germany, which includes Cards and Payments, Corporate Banking, and Investment Banking.

Reid will report to Carlo Calabria, Head of Banking Coverage, Continental Europe and CEEMENA, and Kevin Wall, CEO for Barclays Bank Ireland, for his banking responsibilities. His appointment is a testament to HSBC's commitment to Continental Europe and its ongoing efforts to strengthen its presence in the region.

With this new role, Reid will be instrumental in helping HSBC deepen its relationships with clients and increase its market share in Germany, Austria, and Switzerland. His exceptional banking career, combined with his client-side experience, makes him an ideal candidate for this position.

The appointment of Peter Kimpel as Head of Banking, Germany and Country Manager for Barclays in Germany is a significant development for HSBC and marks another step forward in the bank's efforts to expand its operations in Europe.

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