Stuart Levey
Chief legal officer and group managing director
HSBC Holdings
Stuart Levey joined HSBC in London in January 2012. His hire was a key part of HSBC’s efforts to restructure, reform, and bring on board new leadership to implement HSBC’s new global business strategy and respond most effectively to high-profile investigations in the US.
During his first year at the bank, Levey successfully led HSBC in reaching a global settlement with US and UK authorities regarding their investigations into HSBC’s compliance with anti-money laundering and sanctions laws. He also formulated, in co-ordination with the bank’s chief risk officer, a strategy to overhaul HSBC’s standards for managing financial crime risk and ensure the implementation of those standards across HSBC’s affiliates worldwide. The implementation of that strategy is underway and remains a high priority for the bank’s leadership. Levey has reorganised the bank’s global legal function in order to align it more closely to the bank’s global businesses and made key new hires to help execute the function’s enhanced mission focused on preventing future reputational problems.
Law firms used (panel and non-panel): Allen & Overy, Cahill Gordon & Reindell, Cleary Gottlieb Steen & Hamilton, Clifford Chance, Freshfields Bruckhaus Deringer, Latham & Watkins, Linklaters, Mayer Brown, Norton Rose, Sullivan & Cromwell, Wilmer Cutler Pickering Hale and Dorr
2012-present: Chief legal officer and group managing director, HSBC Holdings
2011-12: Senior fellow for national security and financial integrity, Council on Foreign Relations
2004-11: First Under Secretary for Terrorism and Financial Intelligence, US Department of the Treasury
2001-04: Principal associate deputy attorney general, US Department of Justice
1990-2001: Lawyer, Miller, Cassidy, Larroca & Lewin