HSBC chooses John Flint as new CEO

Oman Daily Observer - - FRONT PAGE -

LON­DON: Bri­tish bank­ing giant HSBC on Thurs­day said it had cho­sen John Flint, its head of re­tail bank­ing and wealth man­age­ment, to suc­ceed Stu­art Gul­liver as chief ex­ec­u­tive, who is re­tir­ing.

Flint be­gins his new role on Fe­bru­ary 21 after Gul­liver had al­ready an­nounced his in­ten­tion to step down after more than seven years, dur­ing which time he has over­seen a huge re­duc­tion in staff num­bers and op­er­a­tions amid a trou­bled pe­riod for the bank and sec­tor as a whole.

In a com­pany state­ment, Flint said he was “hum­bled by the re­spon­si­bil­ity and enor­mously ex­cited by the op­por­tu­nity” to lead the Asia-fo­cused bank, as it grap­ples also with the un­cer­tainty thrown up by Brexit.

The 49-year-old Bri­ton added: “The bank is very well-po­si­tioned for the fu­ture but we must con­tinue to in­no­vate and ac­cel­er­ate the pace of change re­quired to meet the ex­pec­ta­tions of our share­hold­ers, cus­tomers, em­ploy­ees and so­ci­ety at large.” — AFP

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