MEXICO CITY (Reuters) - HSBC will not sell its business in Mexico, Chief Executive Stuart Gulliver said in an interview published on Monday, as the British bank embarks on a plan to shrink itself to boost profits.
"The future of the Mexican economy is good and it doesn't make any sense for HSBC to sell its banking operation in Mexico," Gulliver told Mexico's Reforma newspaper. "We have everything we need to compete from here."
In February, Gulliver identified Brazil, Mexico, Turkey and the United States as "problem" countries that have one to two years to prove their worth. It has since said it would sell Brazil and Turkey.
(Reporting by Christine Murray Editing by W Simon)
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Mr. Stuart Thomson Gulliver is an Independent Director at The Saudi British Bank, a Member at International Advisory Panel, a Member of Monetary Authority of Singapore and a Member at The State Bar of California. He is on the Board of Directors at The Saudi British Bank, Jardine Matheson Holdings Ltd., Airport Authority Hong Kong, Alawwal Bank and The Maggie Keswick Jencks Cancer Caring Centres Trust. Mr. Gulliver was previously employed as a Group Chief Executive Officer by Huaneng Power International, Inc., a Chairman by The HongKong & Shanghai Banking Corp. Ltd., a Chairman by HSBC Bank Plc, a Chairman by HSBC Bank Middle East Ltd. /Qatar/, a Non-Executive Chairman by HSBC Continental Europe, a Chairman by HSBC Private Banking Holdings (Suisse) SA, a Deputy Chairman by HSBC Trinkaus & Burkhardt AG, a Group Chief Executive Officer & Executive Director by HSBC Holdings Plc, a Non-Executive Director by Bank of Communications Co., Ltd., a Non-Executive Director by Baoshan Iron & Steel Co., Ltd., a Chairman-Task Force by Financial Services Development Council, a Member-International Advisory Council by Hong Kong Exchanges & Clearing Ltd., a Non-Executive Director by Johnson Electric Holdings Ltd., a Deputy Chairman by Trinkaus & Burkhardt, and a Chairman by University Grants Committee. He also served on the board at HSBC Bank USA, NA, HSBC Latin America Holdings (UK) Ltd., HSBC North America Holdings, Inc., HSBC USA, Inc. and Tata Consultancy Services Ltd. He received his graduate degree from the University of Oxford.
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The Maggie Keswick Jencks Cancer Caring Centres Trust
 The Maggie Keswick Jencks Cancer Caring Centres Trust Miscellaneous Commercial ServicesCommercial Services The Maggie Keswick Jencks Cancer Caring Centres Trust provides free practical, emotional, and social support services to people with cancer. The non-profit company is based in Edinburgh, UK. The British company was founded in 1996 by Maggie Keswick Jencks and Charles Jencks. Dame Laura Lee has been the CEO of the company since 1998. | Chairman |
