HSBC Appoints Lori Vetters Middle-Market Commercial Banking Head in Texas

NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A. (HSBC) today announced the appointment of Lori Vetters as Senior Vice President and Regional Commercial Executive overseeing middle-market banking for Texas and the surrounding region. She will be based in Houston and report to Arjan van den Berkmortel, Executive Vice President and Regional President of Commercial Banking for the West Coast and Texas.

“Lori comes with a proven track record of building banking franchises in the Texas market”

In her new role, Vetters will oversee business development and commercial banking services for middle-market companies in the Southwest doing business through HSBC’s offices located in Houston and Dallas.

“Lori comes with a proven track record of building banking franchises in the Texas market,” van den Berkmortel said. “I am certain her local knowledge and high energy will serve our clients in the region well as they look to grow and expand internationally.”

Vetters, who has amassed more than 25 years of banking experience in Texas, previously served as president of her family’s Texas-based businesses. Prior to that, she served as regional president of the Houston Gulf Coast market for Wachovia Corp. and as a Texas-based managing director at J.P. Morgan Chase and its predecessor firms.

She is active in a number of Houston-area community organizations, including the Greater Houston Partnership, The Houston Zoo and Teach for America-Houston, three groups where she serves as a board member, as well as the Houston Independent School District Foundation where she is chair of the board. Vetters earned a Bachelor’s degree in Geology from Tulane University. She holds an M.B.A. from Southern Methodist University.

“HSBC’s global network is a clear differentiator in this market,” Vetters said. “Texas is the United States’ top exporting state to international markets and as such a growing number of businesses operating here are in need of HSBC’s unique combination of local market expertise and global commercial banking operations in more than 60 countries.”

To fully serve the needs of growing clients, Vetters will work closely with colleague Dale Wilson, a Houston-based Senior Vice President and Regional Commercial Executive with responsibility for the region’s large corporate clients. Both Vetters and Wilson will also work in concert with HSBC’s Houston-based Global Banking and Markets team.

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About HSBC Bank USA, N.A.

HSBC Bank USA, National Association, with total assets of $194 billion as of 30 June 2012 (US GAAP), serves 3.1 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 300 bank branches throughout the United States. There are over 200 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member of the FDIC.