HSBC Bermuda Executive Joins Barclays

December 19, 2011

HSBC Bermuda’s Karla Maloof, the bank’s Head of Global Banking and a member of the Senior Management Committee, has joined Barclays Corporate’s Non-Bank Financial Institutions [NBFI] team as Head of Insurance, North America.

Based in New York, Ms Maloof will be responsible for developing and leading the regional strategy for the insurance sector.

Prior to joining HSBC Bermuda in 2005, Ms Maloof served as First Vice President with Mellon Financial Corporation’s insurance banking and loan products group, covering property and casualty, reinsurance and life insurance companies in the US, Europe and Bermuda.

Commenting on her appointment, Ms Maloof said; “I am delighted to join the team at Barclays, and look forward to leveraging the strength of the bank’s global platform and brand to deliver superior financial solutions to the North American insurance sector.”

She will report into Carl Boulton, Head of Insurance at Barclays Corporate, who commented; “Karla’s appointment is a significant step forward in our global strategy to provide best in class coverage and solutions for our clients around the world and follows recent hires to strengthen the team in Western Europe.”

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