HSBC struggles to fill Chairman role, more than 100 candidates vetted | Details here
HSBC Holdings PLC is renewing the search for a new board of directors after fighting to find enough satisfactory candidates for a last short list.
This report comes as the current president Mark Tucker was preparing to resign until the end of this year, Financial times It was reported on Saturday.
The search for a successor
The Bank replaces Mark Tucker, who announced that he will resign from his position earlier this year.
Tucker’s term of office as president, various changes to the general manager, conflict with one of the largest shareholders of the bank, and a public slap from the US government.
Tucker, AIA Group Ltd. Bloomberg previously reported.
Difficulties in the selection of candidates
It was reported that the Bank was thinking about more than 100 people for the role, but struggled to develop a satisfactory successor.
HSBC has mulled several potential managers, including the following:
- Bruce Carnegie-Brown, former president of Lloyd’s London Insurance Market
According to a news report, some of the potential candidates were not available. For example, Zurich spokesman Mario Grheco confirmed that he was approaching by a principal, but rejected him because of his devotion to Zurich.
Who will be a temporary leader?
According to a news report BloombergBrendan Nelson, who is currently chaired by the HSBC audit committee, will serve as a temporary president since October 1, 2025. The Bank confirmed that the appointment of a new president is continuing.
