The appointment of Alan Duffy as HSBC’s Head of Sustainable Finance for Europe Commercial Banking will be beneficial in supporting the Bank’s green finance agenda across the Crown Dependencies, according to Aline Ayotte, Head of Commercial Banking, HSBC Channel Islands and Isle of Man.
Alan will drive HSBC’s efforts to help business customers in Europe make the transition to net zero carbon emissions. His appointment is a key element of HSBC Group’s ‘Business Plan for the Planet’; a set of actions and a commitment of between US$750bn and US$1trn to drive sustainable transitions around the world.
Commenting on the appointment, Aline said: “Alan’s role reflects how seriously HSBC takes its responsibility in supporting the critical mission to transition to net zero. It’s a strategy we are equally focused on in the islands, and we have a fantastic story to tell, having seen a good take up of our green loan propositions amongst local businesses as well as our structuring of the Isle of Man’s £400m Sustainable Bond last year. There’s no doubt Alan and his team will prove beneficial to our efforts in the islands to support businesses on their net zero journeys.”
Alan, the current CEO of HSBC Ireland and based in Dublin, is widely acknowledged as a key figure in European sustainable finance, having led many signature transactions for HSBC customers. Alan said: “Europe is the gravitational centre for global sustainable finance, both in terms of setting policy and overall market activities. Being afforded the opportunity to help our teams support our clients in such a cutting edge and rich ecosystem is compelling.
“I am looking forward to drawing on the cultural diversity of our European business and the opportunity to help cross-pollinate ideas and best practice from within the region and from the wider HSBC Group.”