Duval replaces Quinn as HSBC’s top local executive
HSBC Bank USA has made a change in its top Buffalo-based leadership role, and reduced the size of the territory overseen by that role.
Greg Duval is the head of the bank’s newly created Great Lakes region, encompassing upstate New York, Ohio, Michigan and Vermont. Kevin Quinn was formerly the top Buffalo-based executive, serving as managing director and head of corporate for the bank’s upstate New York and corporate region.
“We thank Kevin for helping transition the organization over the coming weeks, and for his many contributions to HSBC and the Buffalo community on behalf of HSBC,” said Rob Sherman, an HSBC spokesman. “Western New York and the Great Lakes region are critical to HSBC USA’s growth strategy, and under Greg’s leadership we will be well positioned to expand our presence in these markets.”
Duval, a Buffalo native, worked for M&T Bank before joining HSBC in 2007. He took a job with JPMorgan Chase in 2016, before returning to HSBC about a year ago. Duval earned his MBA at the University at Buffalo.
Sherman said HSBC’s restructuring won’t impact the bank’s employment in the Buffalo area. HSBC has about 3,000 employees between its locations at the downtown Atrium and in Depew. “It’s a change in the regional structure, which makes Western New York part of a smaller region called Great Lakes,” he said. “Essentially Western New York becomes a more prominent market within the Great Lakes region.”
A separate HSBC region, called New England, will include some of the states the Buffalo office used to oversee.
HSBC is preparing to open a branch in Depew, almost seven years after selling off its upstate branch network.
Empire Emergency Services broke ground Wednesday for an addition to its Town of Niagara plant. About 16 jobs will be added to the company’s current workforce of 12.
The company, which equips emergency vehicles for police and fire departments, will add 10,000 square feet to its facility in the former Niagara Active Hose Company hall on Lockport Road. Annual output at the plant is projected to double, to more than 300 vehicles.
The $1.65 million project was aided by state and county incentives. Empire State Development provided a $216,000 Community Development Block Grant and $400,000 in Excelsior Jobs Program tax credits.
The Niagara County Industrial Development Agency approved a 15-year tax break in November, saving the firm an estimated $179,000 on property and sales taxes.
Woodcock Brothers opens North Tonawanda brew pub
Woodcock Brothers Brewing Co., which has operated in Wilson since 2011, on Thursday celebrated the grand opening of its second brew pub. It’s in North Tonawanda, in the Wurlitzer Building, 908 Niagara Falls Blvd.
The City of North Tonawanda provided a $516,000 community development block grant to assist in the $1.3 million leasing and renovation of 5,000 square feet in the onetime organ factory.
Empire State Development provided $110,000 in Excelsior Tax Credits, tied to job creation. Woodcock Brothers pledged to create 35 jobs in North Tonawanda in the next two years. The brewery employs 40 people in a former cold storage plant in Wilson, where its original project was backed by a 10-year tax break from the Niagara County Industrial Development Agency.