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Press Release
HSBC – Retail Services Appoints Elisabeth McCombe Managing Director of New Market Development
9 December 2004
PROSPECT HEIGHTS, Ill. – December 9, 2004 – HSBC - North America announced today that Elisabeth (Molly) McCombe has been appointed managing director of new market development for its retail services business. In this newly created position, McCombe will be responsible for developing and expanding new consumer credit markets for the company’s retail services business. She will report directly to Sandy Derickson, group executive, HSBC North America Holdings Inc.
Before joining HSBC, McCombe was an associate principal at the Chicago office of McKinsey & Company, where she focused on strategy, growth and performance improvement for financial services industry clients. Prior to that, she was vice president of commercial lending at Fleet Financial Corporation in Boston.
“Molly represents a valuable addition to our retail services management team,” said Derickson. “She brings a unique perspective and a wealth of business acumen to this new position.”
McCombe received a bachelor’s degree in business administration from Boston University. She received her master’s from Northwestern University’s Kellogg Graduate School of Management.
About HSBC Retail Services
HSBC Retail Services is a leading issuer of private label (merchant branded) credit cards in the United States. This business provides flexible, customized credit card solutions for the world’s premier retailers and manufacturers and has more than 60 active merchant relationships, including Best Buy, Levitz Furniture and Saks Fifth Avenue.
About HSBC - North America
HSBC - North America includes all of HSBC's U. S. and Canadian businesses, including the former Household businesses, and has assets approaching $300 billion.
The company’s businesses in North America serve more than 60 million customers in five key areas: personal financial services, consumer finance, commercial banking, private banking and corporate investment banking and markets. Financial products and services are offered under the HSBC, HFC and Beneficial brands. For more information, visit: www.hsbcnorthamerica.com.
Media Contacts
- Kathleen Morrison
- kathleen.a.morrison@us.hsbc.com
- Director
- HSBC - North America
- 847-564-6111
