Dame Carolyn Fairbairn has been appointed as an independent non-executive director at banking group HSBC.
She will take up her place on the board in September, and will become a member of the group remuneration committee, group risk committee and the nomination and corporate governance committee.
Dame Carolyn was director-general of the Confederation of British Industry (CBI) from 2015 to 2020 and has extensive FTSE board experience, including as a non-executive director of Lloyds Banking Group and Capita. She previously served as a non-executive director of the UK Competition and Markets Authority and the Financial Services Authority.
HSBC’s group chair Mark Tucker commented:
“Carolyn has had an exceptional career across numerous industries, both as an executive and non-executive. With the CBI, she demonstrated her ability to navigate and influence various stakeholder groups. This will be of great value to the board in the increasingly uncertain environment we operate in today.”