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HSBC has appointed Andrew Fullam as chief financial officer for the U.S. and Americas in an effort to spur domestic growth following some recent moves to scale back banking business in North America.

Fullam’s new role marks his return to the bank, where he worked for nearly two decades, including as interim CFO for the Americas in 2019. Last year, he left HSBC for a stint leading enterprise financial planning at Wells Fargo. Fullam will be based in New York, and will report to CEO of U.S. and Americas Michael Roberts and CFO for Western Markets Kavita Mahtani, one of American Banker’s Most Powerful Women in Banking. 

“As we navigate the dynamic landscape of the financial industry, Andrew’s wealth of experience and deep expertise in corporate finance will be instrumental in driving sustainable growth across our businesses in the U.S. and Americas,” said Roberts in a prepared statement. 

In recent years, HSBC has exited its retail banking business in the U.S. and inked a deal to sell its Canadian operations. As head of financial operations in the region, Fullam will oversee accounting, regulatory reporting, stress testing and capital management. —Catherine Leffert