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HSBC Bank USA N.A. appointed an executive this week to oversee corporate banking operations in Rochester and other Upstate New York markets.
As senior vice president and head of corporate banking for Upstate New York, Kevin Quinn manages HSBC's corporate, midmarket, investment banking and private banking sectors.
Quinn, a Buffalo native, has been based there for the last 18 years. He previously was HSBC's senior vice president and regional commercial executive manager for Upstate New York.
Before joining HSBC, Quinn was a vice president at JPMorgan Chase & Co. from 1974 to 1997. He was employed at M&T Bank Corp. before joining HSBC.
"We have a healthy employee base across upstate, with about 3,000 employees between Buffalo, Rochester, Albany and Syracuse," Quinn said. "We have a very healthy book of business.
"We have sold our branch network, but we continue to move forward and continue to gain customer base within the upstate region. I'm very excited to help expand that as we move forward."
The Rochester office employs 20 people, doing more than $20 million in business with large and midsize corporate accounts, HSBC representatives said.
HSBC's sale of 189 upstate retail branches-including 36 in the Rochester market-and six in southern New England to First Niagara Bank N.A. closed May 18.
Rochester executives and the commercial banking team moved May 4 from the 21-story tower on Chestnut Street to the Clinton Square Building on South Clinton Avenue.
"We have nice new office space there," Quinn said. "We have 20 to 25 people in that office. It's a collection of people covering a lot of different parts of the business for us. We are now focused exclusively on the commercial side of the business."
International business is the focus within that focus, Quinn said.
"We have an enormous global footprint," Quinn said. "The opportunity for us is to find companies with international aspirations. If we can position ourselves to support that activity, we're going to do extremely well. We already see an enormous appetite for that within the upstate region."
HSBC Bank USA is a subsidiary of London-based HSBC Holdings PLC.
Quinn replaces Paul Cronin, who had been executive vice president and regional president for commercial banking in Upstate New York and the Midwest. Cronin has been named head of corporate banking for the Northeast and New York City, where he will be based.
Quinn assumes Cronin's responsibilities, except for the Midwest.
"Paul's position included Upstate New York, as well as our office in Chicago," Quinn said. "Prior to this position, I was working with Paul in helping expand our activities across that 14-state region.
"We have grown our Chicago office to the point where it made sense to break that off into a separate region. Our upstate region will become a separate and distinct business line as well."
Quinn reports to Stephen Bottomley, senior executive vice president and head of commercial banking for HSBC North America. Bottomley is based in New York City.
"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 statement released Tuesday. "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 will spend as much as 70 percent of his time traveling to Rochester, Syracuse and Albany, he said.
10/19/12 (c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email firstname.lastname@example.org.This correction appeared in the Oct. 26 issue:
As story in the Oct. 19 issue on HSBC Bank USA N.A.'s appointment of Kevin Quinn to senior vice president and head of corporate banking for Upstate New York incorrectly identified his work history. Quinn, a Buffalo native, was employed at M&T Bank Corp. before joining HSBC and was not a lawyer in Cleveland prior to that.