Rachel Duan has joined the board of HSBC as an independent non-executive director.
She will also be a member of the group remuneration committee and the nomination and corporate governance committee when she takes up the role in September.
Duan most recently served as senior vice president of General Electric and president and CEO of GE’s Global Markets, where she was responsible for driving GE’s growth in China, Asia Pacific, India, the Middle East, Africa and Latin America.
She currently serves on the boards of AXA and Sanofi.
HSBC group chair Mark Tucker said: “Rachel is an exceptional candidate. I am absolutely delighted to welcome her to the board. She has extensive knowledge and experience of operating in two of HSBC’s most strategically important markets—Hong Kong and mainland China. Her knowledge and experience will further strengthen the board’s discussions and oversight.”
HSBC has also announced that independent non-executive directors Henri de Castries and Heidi Miller will formally retire from the board at the conclusion of the company AGM in May.