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UPDATED ON: Monday, January 21, 2008

HSBC Bank Canada:

Caryn Lerner,

From The Globe and Mail

HSBC Bank Canada is pleased to announce the appointment of Ms. Caryn Lerner, President & Chief Executive Officer of Holt Renfrew & Co. Limited, to its Board of Directors.

A retail veteran, Ms. Lerner has distinguished herself in the industry through her strategic leadership skills and core commitment to providing exceptional customer service. Since joining Holt Renfrew in 2004, Ms. Lerner’s diverse experience in senior management has paved the way for record financial results and led Holt Renfrew to be one of Greater Toronto’s Top 50 Employers in 2007.

An active member in the community, Ms. Lerner is the President of the Retail Cabinet of the United Way of Greater Toronto and is a Member of the Advisory Council of the School of Fashion at Ryerson University.

HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 170 offices and is the leading international bank in Canada. With around 10,000 offices in 83 countries and territories and assets of US$2,150 billion at 30 June 2007, the HSBC Group is one of the world’s largest banking and financial services organizations.


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