Mgmt Changes in N America

HSBC Holdings PLC
22 February 2007

MANAGEMENT CHANGES IN HSBC NORTH AMERICA

Bobby Mehta has stepped down as Chief Executive Officer of HSBC North America
Holdings Inc. and Chairman and Chief Executive Officer of HSBC Finance
Corporation (formerly Household International, Inc.), with effect from 15
February 2007. He has also resigned as a Group managing director, and from the
boards of HSBC Bank USA, N.A. and other companies in the HSBC Group.

Mr Mehta joined HSBC Finance Corporation in 1998 and became Vice Chairman in
2004. In March 2005, he was appointed Chief Executive Officer of HSBC North
America Holdings Inc. and Chairman and Chief Executive Officer of HSBC Finance
Corporation.

Commenting on Mr Mehta's departure, Michael Geoghegan, Group Chief Executive of
HSBC Holdings plc, said: "We wish Bobby well. He has made a very significant
contribution to a diverse business serving 35 million North American customers
and providing some US$9 billion in net profit since we acquired
Household International in March 2003 for US$14.8 billion."

Mr Mehta said: "I have had the opportunity to reorganise and redirect the US
business and I would like to thank my talented colleagues for their support. I
am now ready to pursue more entrepreneurial interests and look forward to this
next stage with great anticipation."

Michael Geoghegan announced the following appointments:

Douglas Flint, Group Finance Director of HSBC Holdings plc, has also become
non-executive Chairman of HSBC Finance Corporation. Mr Flint continues as Group
Finance Director of HSBC Holdings plc, a position he has held since 1995.

Brendan McDonagh, currently Chief Operating Officer of HSBC Finance Corporation,
has become Chief Executive Officer.
                              
Note to editors:
HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through some 9,500
offices in 81 countries and territories in Europe, the Asia-Pacific region, the
Americas, the Middle East and Africa. With assets of US$1,738 billion at 30 June
2006, HSBC is one of the world's largest banking and financial services
organisations.

                             





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