HSBC Holdings Plc named Dave Watts CFO, James Calladine chief risk officer and Emma Bunnell COO of HSBC UK, the ring-fenced U.K. banking business of the London-based financial group, City A.M. reported.

Watts is currently CFO at HSBC Bank Plc, while Calladine is chief risk officer and head of wholesale credit and market at the group's Latin America business, City A.M. noted. Bunnell, the lone external hire among the three executives, joins from professional services giant Boston Consulting Group, where she serves as a partner, according to the report.

In February, Ian Stuart, who heads HSBC's commercial banking division in the U.K. and Europe, was appointed CEO of the ring-fenced bank, which is expected to become fully operational by July 2018, City A.M. noted.