TRANSITION TIME: Patrick Burke (left), a longtime Household executive and currently a senior executive in HSBC's U.S. consumer finance business, will take over the whole U.S. operation from Irene Dorner partway through its comeback from a money-laundering crackdown.

HSBC's New U.S. Leaders Taking Over at a Crucial Moment

Irene Dorner did a lot to turn around HSBC's troubled U.S. operations following violations of U.S. anti-money-laundering regulations that led to a record penalty, but successor Patrick Burke and a new U.S. compliance chief will have to pick up the recovery at its midpoint and finish the job.

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