Sue Fox has been announced as the new CEO of HSBC in the Channel Islands and the Isle of Man, succeeding Tracy Garrad, who is pursuing a career opportunity outside the bank.

Sue is currently the CEO of M&S Bank, which is part of the HSBC Group, and has been with HSBC for over 30 years. Since joining M&S Bank in 2014, Sue has led the business through the launch of its first mainstream current account and its first mortgage range.

M&S Bank is now regularly named one of the UK’s leading challenger banks, having received many accolades for its service and products. Sue has worked both in the UK and overseas, including managing the HSBC branch network in Manhattan, New York.

Sue has been ranked as a leading LGBT+ Ally Executive by OUTstanding in association with the FT for the last two consecutive years. She was also recently ranked in the FT and HERoes Top 100 Female Executives list.

In addition to her role at M&S Bank, Sue is an Independent Non-exec Director with Scottish Power Ltd. Sue lives with her partner Paul and their son Sam. The appointment will be effective on 1 February 2019, subject to regulatory and other approvals.