HSBC bank USA has appointed Michael Cummins as the head of payments and cash management in the US. He will be based in New York and jointly report to Steve Bottomley, head of commercial banking, North America, and Diane Reyes, global head of payments and cash management.
In his new role, Cummins will oversee all aspects of the US 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.
Cummins joins HSBC from JP 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 JP Morgan treasury services with oversight of the corporate client banking segment.
In previous roles, Cummins created and staffed the public sector segment of JP Morgan treasury services following the merger of JP 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 BSc degree in business administration. He also holds an MBA from Columbia University.
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