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UPDATED ON: Tuesday, January 20, 2004

HSBC Bank Canada:

Sean O'Sullivan,
Chief Operating Officer

From The Globe and Mail

HSBC Bank Canada is pleased to announce the appointment of Mr. Sean O'Sullivan as Chief Operating Officer. Based in Toronto, Mr. O'Sullivan is the bank's senior representative in Central and Eastern Canada.

Mr. O'Sullivan was most recently an Executive Vice President at HSBC USA Inc. in New York City. Prior to that he held a number of Head Office and Line Executive positions at HSBC Bank Canada in Vancouver. Mr. O'Sullivan joined HSBC in 1980 and spent the first fourteen years of his career in various Commercial Banking and Branch Management positions in the Greater Toronto Area.

Mr. O'Sullivan is a graduate of the Ivey School of Business at the University of Western Ontario.

HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in Canada with more than 160 offices across the country. With over 9,500 offices in 79 countries and territories and assets of US$983 billion at 30 June 2003, the HSBC Group is one of the world's largest banking and financial services organizations.


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