Irene Dorner, American Banker's Most Powerful Woman in Banking in 2012, will retire this year as head of HSBC Holdings'(HSBC) U.S. banking unit.

Dorner, 59,  will step down on Nov. 1 as president and chief executive of HSBC USA. She will be succeeded by Patrick Burke, 52, the chairman and CEO of HSBC Finance Corp. and a general manager with HSBC's U.K. parent company.

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