York­shire­man John Flint named the new chief ex­ec­u­tive of HSBC

Yorkshire Post - - NEWS -

HSBC HAS ap­pointed York­shire­man John Flint as its new chief ex­ec­u­tive, re­plac­ing the longserv­ing Stu­art Gul­liver.

Mr Flint, who cur­rently heads re­tail bank­ing and wealth man­age­ment at the lender, will take up the role on Fe­bru­ary 21.

His ap­point­ment will see Mr Gul­liver end a seven-year stint at the bank­ing giant when he re­tires.

Chair­man Mark Tucker, who led the search for a new chief ex­ec­u­tive, said: “John has broad and deep bank­ing ex­pe­ri­ence across re­gions, busi­nesses and func­tions.

“He has a great un­der­stand­ing and re­gard for HSBC’s her­itage, and the pas­sion to build the bank for the next gen­er­a­tion.

“Through the search process, John has de­vel­oped with my­self and the board a clear sense of the op­por­tu­ni­ties and pri­or­i­ties that lie ahead.”

Mr Flint said he is “hum­bled by the re­spon­si­bil­ity” and ex­cited by the op­por­tu­nity to head HSBC.

Un­der Mr Gul­liver’s ten­ure, the bank has had to grap­ple with a se­ries of mis­con­duct is­sues and has paid bil­lions in fines, in­clud­ing for links to Mex­i­can drugs car­tels. How­ever, the bank chose to fo­cus on Mr Gul­liver’s work in pre­vent­ing fi­nan­cial crime and its div­i­dend per­for­mance.

Born in York­shire and ed­u­cated at Dhahran Academy and Gig­gleswick School, Mr Flint is an HSBC vet­eran and joined the lender as an in­ter­na­tional of­fi­cer in 1989.

He spent the first 14 years of his ca­reer in Asia, help­ing to es­tab­lish and ex­pand the bank’s global mar­kets busi­ness in the re­gion be­fore mov­ing back to Lon­don in 2004.

His Asian stint will be cru­cial for HSBC as he is likely to con­tinue Mr Gul­liver’s so called “pivot” to the fast-grow­ing con­ti­nent.

In 2006, Mr Flint rose up the ranks when he was ap­pointed group trea­surer and as­sumed global re­spon­si­bil­ity for bal­ance sheet man­age­ment, be­fore adding the roles of deputy head of global mar­kets and head of global mar­kets for Europe, Mid­dle East and Africa to his CV.

He has been ap­pointed chief ex­ec­u­tive of HSBC, re­plac­ing Stu­art Gul­liver.

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