HSBC Bank USA has named a Buffalo native as its newest top executive in Western and upstate New York, as it refocuses locally following the sale of its branches, retail banking and small-business lending divisions.
The U.S. subsidiary of HSBC Holdings Plc of London said it has appointed Kevin Quinn as senior vice president and head of corporate banking for upstate New York. He succeeds Irish banker Paul Cronin, who moved to New York City to oversee the bank’s Northeast Region commercial banking business – HSBC’s single largest regional business in the United States.
Quinn, who has 18 years of commercial banking experience, was formerly senior vice president and regional commercial executive manager at HSBC for upstate New York. He’s been with the bank for seven years, all in Buffalo, and previously spent 10 years at rival M&T Bank Corp., also in Buffalo. He’s worked with large corporate and middle-market firms in New York and 13 Midwestern states, plus the Canadian provinces of Ontario and Quebec.
In Buffalo, Quinn, 48, oversees an operation that employs 3,000 people. It includes the bank’s corporate banking efforts in the Buffalo, Rochester, Syracuse and Albany areas. He is the bank’s most senior executive across the region, effectively making him HSBC’s “face” in the upstate New York community.
“I’m very excited about the new opportunity and role that I have, and very excited about expanding the presence we have, not just here in upstate New York,” he said in an interview. “I’m very excited to be based in Buffalo and to be working with the team here.”
He’s already active in the Western New York community, as a board member of the Buffalo Niagara Partnership and Buffalo Niagara Enterprise, chairman emeritus of Junior Achievement of Western New York, and immediate past president of the board of the Irish Classical Theatre.
“I’ve maintained close ties to upstate New York, and look forward to serving the region for HSBC in this enhanced capacity,” he said in a news release announcing the promotion. “HSBC has always been very proud of its strong business leadership position and I intend to focus on further developing that legacy and growing opportunities here.”
Quinn will report directly to Steve Bottomley, senior executive vice president and head of commercial banking for HSBC North America.
“As an upstate New Yorker, Kevin has a great understanding of both the people and businesses in what remains an incredibly important market for HSBC,” Bottomley said in a news release. “His insights and expertise will be invaluable as we continue to serve our customers and help them meet their growth and investment needs, both locally and overseas.”
Quinn, who was born in South Buffalo and raised in Kenmore, graduated from Canisius High School before going on to the University of Notre Dame. He later earned a law degree from University at Buffalo and practiced as a mergers and acquisitions attorney in Cleveland for five years before returning to UB to get a master’s in business administration. He then landed a job in M&T’s management trainee program.
HSBC has been retrenching in the United States and globally, cutting up to $3.5 billion in costs and reducing staff by 30,000 jobs. That has included getting out of retail banking, consumer lending and wealth management in certain markets.