HSBC allegedly widens search for new chair - Breaking The News

HSBC allegedly widens search for new chair

19 July

1 min read

EPA/ANDY RAIN

HSBC Holdings plc restarted its search for a new chair after struggling to finalize a shortlist from over 100 candidates, the Financial Times reported on Saturday, citing people familiar with the matter.

Executives from Zurich Insurance, Goldman Sachs, and Lloyd's of London were considered, but many declined or were unavailable. HSBC may now reportedly appoint someone from its current board if needed.

The bank aims to replace Mark Tucker, who has stepped down to join insurers AIA Group in October.

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