HSBC picks new chair, completing leadership shakeup
The Peninsula
London: HSBC on Wednesday announced finance industry veteran Brendan Nelson as its new chair, concluding a drawn out shakeup of the British bank s lea...
London: HSBC on Wednesday announced finance industry veteran Brendan Nelson as its new chair, concluding a drawn-out shakeup of the British bank's leadership.
Nelson, 76, replaces Mark Tucker who helped steer the Asia-focused bank for eight years.
The London-headquartered bank already switched chief executives in September 2024, with Georges Elhedery replacing Noel Quinn who had been in charge for around five years.
"I look forward to continuing to work with the board, Georges and the wider management team as we deliver on our strategic and financial objectives," Nelson said in a statement confirming his appointment.
Under Quinn and Tucker, the bank carried out major restructuring, including hefty job losses, and oversaw the bank's pivot towards Asia, where it generates most of its revenue.
