HSBC Holdings, the parent company of HSBC Bank, announced the appointment of a new chief risk officer amid several executive changes.

Pam Kaur, head of wholesale market and credit risk, will be appointed as group chief risk officer effective Jan. 1, 2020. Executive Director Marc Moses will assist with handover of his responsibilities before stepping down from the Board of Directors and the role of group chief risk officer on Dec. 31, 2019. Moses will continue to provide support to the group chief executive until he formally retires from the group on Dec. 9, 2020.

Other positions to see turnover at the company include CEO of global banking and markets and group chief operating officer.