Mon, December 2, 2024
Sun, December 1, 2024

HSBC starts search for next chairman: report

HSBC has initiated the search for a new chairman to succeed Mark Tucker, whose term is set to end in 2026. According to a report by the Financial Times, the bank is looking to appoint someone with extensive experience in Asia, reflecting HSBC's strategic focus on the region. The search process is being managed by executive search firm Spencer Stuart, and the board aims to have a successor in place by the end of 2025. This move comes as part of HSBC's broader efforts to strengthen its presence in Asia, where it generates a significant portion of its revenue.

Read the Full Business Times Article at:
[ https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-starts-search-next-chairman-report ]