HSBC names in­sider John Flint as CEO

Business Standard - - WORLD -

HSBC Hold­ings named John Flint as its next chief ex­ec­u­tive of­fi­cer af­ter new Chair­man Mark Tucker opted not to break with tra­di­tion and tapped a long-serv­ing in­sider to run Europe’s largest bank. Flint, 49, cur­rently head of re­tail bank­ing and wealth man­age­ment, HSBC’s largest di­vi­sion, will take over from in­cum­bent Stu­art Gul­liver in Fe­bru­ary, ac­cord­ing to a state­ment on Thurs­day. He joined the bank’s man­age­ment train­ing pro­gram in 1989 and rose through the ranks of its Asian trad­ing floor be­fore re­turn­ing to Europe 13 years ago to take on se­nior roles span­ning the con­sumer and in­vest­ment bank­ing sides of the busi­ness. He’s been trea­surer, deputy head of mar­kets, chief of staff and head of strat­egy. By pick­ing a 28-year vet­eran, Tucker, an HSBC out­sider who re­placed Dou­glas Flint as chair­man, has bowed to the lender’s tra­di­tion of spurn­ing CEO can­di­dates with­out a lengthy his­tory at the firm.

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