Sandra Stuart succeeds Paulo Maia
Pre-tax profit of $231 million down 8% from one year ago
Agreement with TD accelerates the wind down of HSBC’s Canadian consumer finance business
Retirees face eight years of hardship after savings run out
Paulo Maia succeeds Lindsay Gordon who retires in January
No impact on HSBC Bank Canada’s operations, CEO says
Bank books lower loan impairment charges
Lower loss provisions, improved trading volumes and investment activity
Move follows similar change to parent company HSBC Holdings
Year-to-date earnings up 8%