HSBC appoints new CEO to replace retiring Stuart Gulliver

FAN Editor

London-based bank HSBC says John Flint will be its new chief executive, replacing the retiring Stuart Gulliver.

Continue Reading Below

The bank said in statement Thursday that Flint, who currently heads up retail banking and wealth management, will take the job on Feb. 21.

Chairman Mark Tucker says Flint has “great understanding and regard for HSBC’s heritage, and the passion to build the bank for the next generation.”

Flint says he’s “humbled by the responsibility.” He has represented the group in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and the United Kingdom.

HSBC is carrying out a sweeping overhaul to increase profitability. That includes shedding thousands of workers and exiting some markets in order to focus even more on Asia.

Next Post

The Latest: UK urges to move Brexit talks on to trade

BRUSSELS –  The Latest on the Brexit negotiations between the European Union and United Kingdom (all times local): Continue Reading Below 1:35 p.m. The pound is dropping after the European Union’s Brexit negotiator said that no significant progress has been made in talks with Britain. Michel Barnier said Thursday after […]