William Purves (banker)

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Sir William "Willie" Purves CBE, DSO, GBM (Chinese: 浦偉士, born 27 December 1931) was the first Group Chairman of HSBC Holdings following the creation of a holding company to act as parent to The Hongkong and Shanghai Banking Corporation and the Midland Bank following the former's acquisition of Midland in 1992.[1]

Born in Kelso, Scotland, Purves attended Kelso High School before commenced training with The National Bank of Scotland (now The Royal Bank of Scotland) in 1948. This was interrupted by National Service in Korea, during which time he was awarded the Distinguished Service Order (DSO)[2] – the only National Service officer to have won this honour.[3] He rejoined banking in 1954 and moved to Hong Kong to join The Hongkong and Shanghai Banking Corporation, where he remained for the rest of his working life. In 1986, he became Chairman and CEO of The Hongkong and Shanghai Banking Corporation, and was appointed Chairman and CEO in 1991 prior to the formation of HSBC Holdings, and as such oversaw the purchase and integration of Midland Bank.

Retiring from HSBC in 1998, he played a large role in overseeing the transition from British to Chinese rule in the territory's significant financial services sector.

Knighted in 1993 and awarded the Grand Bauhinia Medal by Hong Kong in 1999, he now lives in London and Oxfordshire. He is married to Lady Becky Purves, and has four children and nine grandchildren by his first wife, Diana Purves.

References[edit]

  1. ^ Erik Ipsen (April 23, 1992). "Hongkong Bank Chief Turns Up Heat on Midland". The New York Times. Retrieved 29 April 2010. 
  2. ^ "The London Gazette". The London Gazette (39420). 28 December 1951. p. 6740. Retrieved 15 October 2012. 
  3. ^ "History of the KSOB - 20th and 21st Centuries". Retrieved 15 October 2012. 
Business positions
Preceded by
HSBC Group Chief Executive
1986 – 1993
Succeeded by
John Bond
Preceded by
Michael Sandberg
HSBC Group Chairman
1986 – 1998
Succeeded by
John Bond
Order of precedence
Preceded by
Yang Ti-liang
Recipient of the Grand Bauhinia Medal
Hong Kong order of precedence
Recipient of the Grand Bauhinia Medal
Succeeded by
Louis Cha
Recipient of the Grand Bauhinia Medal