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HSBC hires new head of model validation
Bank appoints Credit Suisse veteran to key role
![HSBC hires new head of model validation HSBC hires new head of model validation](/sites/default/files/styles/landscape_750_463/public/2018-12/HSBC-sign.jpg.webp?h=8a0ce405&itok=EO48JaSg)
HSBC has named Keith Garbutt as its global head of independent model validation. He joined the bank in October and reports to Clare Beale, global head of model risk management.
Garbutt joins after 14 years at Credit Suisse, where he was latterly head of enterprise risk innovation, according to his LinkedIn profile. Before that, he spent five years as the Swiss bank’s head of model risk management, overseeing its efforts to comply with the US Federal Reserve’s stringent guidelines on model risk
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