Pictured: Alan Duffy, Head of Sustainable Finance for European Commercial Banking, HSBC
HSBC has appointed current Irish CEO and Head of Banking Operations Alan Duffy as the first Head of Sustainable Finance for Commercial Banking in Europe.
In his new role, Alan will lead HSBC’s efforts to help corporate clients in Europe make the transition to net zero carbon emissions. It is a key part of HSBC Commercial Banking’s strategy to be the leading international corporate bank in Europe, and is also part of HSBC Group’s Business Plan for the Planet; a set of actions and a commitment between $750 billion and $1,000,000,000 to drive sustainable transitions around the world.
Alan is widely recognized as a key figure in European sustainable finance, having led numerous signature transactions for HSBC clients. Alan said: “Europe is the center of gravity for global sustainable finance, both in terms of policy setting and global market activity. A rapidly growing number of our European clients are establishing science-based targets (SBTs) to anchor their transition journeys and integrate ESG into their operations. We must position ourselves at the epicenter of this once-in-a-generation transformation.
He added, “Having the opportunity to help our teams support our customers in such a rich and cutting-edge ecosystem is compelling. I look forward to leveraging the cultural diversity of our European business and the opportunity to help cross-pollinate ideas and best practices from the region and the wider HSBC Group.
After several years at Scotiabank and ING, Alan joined HSBC in 2007 to launch its corporate banking offering in Ireland before becoming Managing Director of the Irish branch in 2014. He will continue as CEO and Head of Services Banking at HSBC Ireland until reappointment. is made to this position, and he will remain based in Dublin.
Earlier this month, HSBC appointed Natalie Blyth as Global Head of Commercial Banking Sustainability. Natalie said: “Alan’s personal energy, passion for sustainability and deep understanding of European corporate banking will be a tremendous asset to our clients across the region. I am thrilled to have him on the team as we tackle the critical mission of transitioning to net zero.