HSBC Bank USA, N.A. (HSBC) today announced the appointment of Michael Cummins as the head of Payments and Cash Management in the United States. He will be based in New York and jointly report to Steve Bottomley, Head of Commercial Banking, North America and Diane S. Reyes, Global Head of Payments and Cash Management. In his new role, Cummins will oversee all aspects of the U.S. Payments and Cash Management business, including sales, product strategy and innovation, client and business management and risk and control management. He is scheduled to begin in August. “Michael is a welcome addition to HSBC’s U.S. leadership,” Reyes said. “Based on his career successes to date, I am confident that he will bring an added dimension of skill, leadership and innovative-thinking that our many U.S. Commercial Banking and Global Banking and Markets customers have come to expect from HSBC.” “Michael's appointment is the latest example of the bank’s commitment to its U.S. business and its growth prospects,” added Bottomley. Cummins joins HSBC from J.P. Morgan Chase where he spent 20 years in the treasury and commercial businesses at the bank and its predecessors. Most recently, he served as a managing director and sales executive in J.P. Morgan Treasury Services with oversight of the Corporate Client Banking segment. In previous roles, Cummins created and staffed the Public Sector segment of J.P. Morgan Treasury Services following the merger of J.P. Morgan and Bank One as well as served as a senior sales representative and later sales executive at Bank One. He began his financial services career in 1992 as an operations management trainee at Chemical Bank. Cummins is a graduate of the University of Rhode Island where he earned a Bachelor of Science degree in business administration. He also holds an M.B.A. from Columbia University. Notes to editors: About HSBC Bank USA, N.A. HSBC Bank USA, National Association, with total assets of $206.8 billion as of 31 March 2012 (US GAAP), serves 3.8 million customers through its personal financial services, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 465 bank branches throughout the United States. There are over 370 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Illinois, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the nation's largest bank holding companies by assets. HSBC Bank USA, N.A. is a member of the FDIC.