Household HSBC Watch

Consumer watchdog organization Household - HSBC Watch presents these changes for April within HSBC. In our opinion information from New York pertains to banking, while information from Prospect Heights Illinois pertains to the old troubled and disgraced predatory lender Household International, now called HSBC Finance Corporation, and should be categorized under finance companies. They are not bankers.

(all dates are 2005)

PROSPECT HEIGHTS, Ill., April 21 — HSBC - North America today announced the appointment of Loretta Abrams to vice president - community development and consumer advocacy. She previously served as national director - consumer affairs.
She will continue to direct the HSBC Center for Consumer Advocacy, established in 2003 to manage the company’s broad range of financial education and housing programs and community outreach initiatives

PROSPECT HEIGHTS, Ill., April 20 — HSBC - North America announced today the appointment of Bruce Fletcher as senior vice president and chief credit officer for retail credit for HSBC North America Holdings Inc. In this capacity, Fletcher will serve as chief credit officer and will oversee and integrate retail credit risk management for all of the company’s North American entities. In addition, he will serve as chief credit officer for HSBC Finance Corporation, formerly Household International, Inc. He will report directly to Dave Gibbons, senior executive vice president and chief risk officer.

PROSPECT HEIGHTS, Ill., March 31 — HSBC - North America announced today that Thomas P. Nicholson has been appointed vice president public affairs. He will be responsible for leading the public affairs team, supporting HSBC’s consumer lending, retail services, credit card services, insurance, taxpayer financial services and consumer affairs businesses. Nicholson reports to Linda Stryker-Luftig, Executive Vice President Public Affairs.

PROSPECT HEIGHTS, Ill., April 8 — Randall (”Randy”) L. Raup has been appointed President of HSBC Mortgage Corporation (USA) and Executive Vice President, HSBC Bank USA, N.A., pending approval by the Bank’s Board of Directors. In this new position, Raup will have overall responsibility for the day-to-day operation of one of the nation’s top 20 residential mortgage lenders.

NEW YORK, April 21 — HSBC Bank USA N.A. has named Daniel A. Nissenbaum senior vice president and manager of community development/CRA. In this role, he will lead the bank’s Community Development Division and will oversee its community service, grant, loan and investment programs. The programs are concentrated in New York with regional offices in Florida, Delaware and California.
Said Loretta Abrams, HSBC - North America’s vice president for Community Development and Consumer Advocacy “Dan’s extensive experience in development and his relationships with the community and industry groups will be a great asset, and we are pleased to have him on our team.”

“Notice how HSBC tries to blend comments and quotes from New York and Household International” said Household - HSBC Watch advocates. “But if you call HSBC Bank and ask for an HSBC Retail Services telephone number they don’t even know them. Household International is still an embarrasment to true banking professionals.”