James Brien Comey, Jr. (52), former United States Deputy Attorney General, has been appointed a Director of HSBC Holdings plc with effect from 4 March 2013. He will be an independent non-executive Director and a member of the Financial System Vulnerabilities Committee.Clinton foundation received up to $81m from clients of controversial HSBC bank https://www.theguardian.com/us-news/2015/feb/10/hillary-clinton-foundation-donors-hsbc-swiss-bank
Jim Comey is a Senior Research Scholar and Hertog Fellow on National Security Law at Columbia University Law School in New York. From 2010 to 2013, he was General Counsel of Bridgewater Associates, LP and, from 2005 to 2010, Senior Vice President and General Counsel of the Lockheed Martin Corporation. From 2003 to 2005, he served as United States Deputy Attorney General and was responsible for supervising the operations of the Department of Justice and chaired the President?s Corporate Fraud Task Force. From 2002 to 2003, Mr. Comey was United States Attorney for the Southern District of New York and supervised the prosecution of executives on fraud and securities related charges and created a specialised unit to prosecute international drug cartels.
Commenting on the appointment, HSBC Group Chairman Douglas Flint said: ?We are delighted to welcome Jim as a non-executive Director and a member of our new Financial System Vulnerabilities Committee. His experience and expertise gained from both public and private sector roles at the highest level will add a further dimension to the governance capabilities of the Board.?
Mr. Comey?s appointment will be for an initial three-year term which, subject to re-election by shareholders, will expire at the conclusion of the 2016 Annual General Meeting. The Directors have determined that Mr. Comey is independent. In making that determination the Directors concluded that there are no relationships or circumstances which are likely to affect Mr. Comey?s judgement and any relationships or circumstances which could appear to do so were not considered to be material.
For and on behalf of
HSBC Holdings plc
R G Barber
Group Company Secretary
As a non-executive Director Mr. Comey will not have a service contract with HSBC Holdings plc. He will be paid a Director?s fee of ?95,000 per annum, as authorised by shareholders at the 2011 Annual General Meeting. Mr. Comey will also receive a fee of ?30,000 per annum as a member of the Financial System Vulnerabilities Committee as approved by the Directors in January 2013.
he charitable foundation run by Hillary Clinton and her family has received as much as $81m from wealthy international donors who were clients of HSBC?s controversial Swiss bank.
Leaked files from HSBC?s Swiss banking division reveal the identities of seven donors to the Bill, Hillary and Chelsea Clinton Foundation with accounts in Geneva.
They include Frank Giustra, a Canadian mining magnate and one of the foundation?s biggest financial backers, and Richard Caring, the British retail magnate who, the bank?s internal records show, used his tax-free Geneva account to transfer $1m into the New York-based foundation.
Hillary Clinton has expressed concern over growing economic inequality in the US and is expected to make the issue a cornerstone of her widely anticipated presidential campaign in 2016. However, political observers are increasingly asking whether the former secretary of state?s focus on wealth inequality sits uncomfortably with the close relationships she and her husband have nurtured with some of the world?s richest individuals.