REUTERS: HSBC has named John Flint as its next chief executive the bank said on Thursday, sticking with its model of always promoting company insiders to run the firm.
Flint, who currently runs HSBC’s retail and wealth management business, will start his new role on February 21, 2018, Europe’s biggest bank said, taking over from outgoing Chief Executive Stuart Gulliver.
The appointment marks the first major decision taken by the bank’s new chairman, former AIA Group chief Mark Tucker who joined HSBC on Oct. 1 as its first ever externally-appointed chairman.
John Flint, no relation to outgoing Chairman Douglas Flint, joined HSBC in 1989 and has worked in both the investment banking and retail banking sides of the bank, spending 14 years in Asia at the start of his HSBC career.
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