William Purves (banker) explained

Honorific Prefix:The Honourable
Sir William Purves
Office:Chairman of HSBC Holdings
Term Start:1990
Term End:1998
Office1:CEO of HSBC Holdings
Term Start1:1990
Term End1:1992
Office3:Chairman of The Hongkong and Shanghai Banking Corporation
Term Start3:1987
Term End3:1992
Office4:CEO of The Hongkong and Shanghai Banking Corporation
Term Start4:1986
Term End4:1992
Birth Date:27 December 1931[1]
Birth Place:Kelso, Scottish Borders, Scotland
Spouse:
    Awards:Commander of the Order of the British Empire
    Grand Bauhinia Medal (Hong Kong)
    Allegiance:United Kingdom
    Branch:British Army
    Battles:Korean War
    Mawards:Distinguished Service Order

    Sir William "Willie" Purves, (born 27 December 1931) was a Scottish banker until his retirement in 1998. He 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.[2]

    Biography

    Born in Kelso, Scotland, Purves attended Kelso High School before commencing 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)[3] – the only National Service officer to have won this honour.[4] 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 in 1991 prior to the formation of HSBC Holdings, and as such oversaw the purchase and integration of Midland Bank. He retired in 1998.[5]

    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 Purves, and has four children and nine grandchildren by his first wife, Diana Purves.

    See also

    Notes and References

    1. Book: Burke's Peerage, Baronetage & Knighthood. Burke's Peerage & Gentry . Mosley, Charles . Charles Mosley (genealogist) . 107 . 2003 . 3230 . Burke . 0-9711966-2-1.
    2. News: Hongkong Bank Chief Turns Up Heat on Midland. Erik Ipsen. April 23, 1992. The New York Times. 29 April 2010.
    3. News: The London Gazette. 39420. 6740. 15 October 2012. The London Gazette. 28 December 1951.
    4. Web site: History of the KSOB – 20th and 21st Centuries. 15 October 2012. 20 September 2013. https://web.archive.org/web/20130920193558/http://kosb.webs.com/20thcentury.htm. dead.
    5. News: Sir William Purves - If I had to start again.. Management Today. 1 December 2003. 7 November 2022.