HSBC Renews Hunt for Chair Amid Struggle to Fill Shortlist, FT Says

(Bloomberg) – HSBC Holdings PLC relieves the search for a new board of directors after not finding enough satisfactory candidates for the last short list.

The Bank replaces Mark Tucker, who announced that it will stop until the end of 2025 earlier this year. Tucker chaired a turbulent term of office marked with a clash with one of the biggest shareholders of the bank and a clash with a public slap from the US government.

HSBC has accelerated the efforts of Tucker’s board members that he would leave the bank to take out the role of a non -executive president at AIA Group Ltd.

In a statement sent by E -Post, the Bank spokesman said that the appointment process of a new president continues and Brendan Nelson, the President of the HSBC Audit Committee, would be the temporary president from 1 October.

FT reported that the Bank was struggling to develop a short successive list after considering more than 100 people for the role, referring to unidentified sources. HSBC, Zurich Insurance Group AG CEO Mario Greco, Goldman Sachs Group Inc. Mulling with managers such as. Managers Kevin Snaader and Richard Gnodde and former President of Lloyd’s London Insurance Market Bruce Carnegie-Brown. Ft.

Zurich spokesman FT said that Greco was approached by a principal and fell because he was connected to Zurich.

(Updates with HSBC spokesman interpretation in the fourth paragraph.)

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