HSBC breaks with tradition, names AIA boss Tucker as Chairman

HSBC Holdings Plc , Europe’s biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017.

A one-time professional footballer, who has held several leadership jobs, including running Britain’s Prudential, Tucker will take over as group chairman designate from September 1 and as non-executive group chairman on October 1. Flint and Gulliver’s departure from HSBC after six years will end one of the longest-serving management partnerships at a major global bank.
Source – The Hindu Businessline


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