Alan Richards has been appointed CEO of HSBC Malta, taking over from Shaun Wallis. The appointment is subject to formal regulatory approval.

The bank announced the appointment at its annual general meeting at the Hilton conference centre.

Mr Richards has been at HSBC for 24 years and his latest appointment was Director and Deputy Chief Executive Officer at HSBC Australia.

Mr Wallis will be moving to another senior position within the HSBC Group.

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