Former HSBC chief in Corinthia Hotels move

Shaun Wallis will form part of the senior executive team at Corinthia Group and supporting its development and financing strategies in the various sectors in which the Group is involved, particularly in raising new capital and acquiring  new developments.

Wallis was previously a member of the top management team of the HSBC Group for the last 20 years of his 33-year international career with HSBC around the world.

Wallis was also a former CEO of HSBC Malta. He was awarded the National Order of Merit by the President of Malta in 2008 for his services to Malta.

Corinthia CEO Alfred Pisani said Wallis joins the group at a time when it is preparing itself to take advantage of the greater opportunities that lie ahead, particularly after the recent opening of its flagship London Hotel and the revival of economic activity in North Africa.