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HSBC Chief Geoghegan Should Spurn Chairman’s Post, Analysts Say

HSBC Holdings Plc Chief Executive Officer Michael Geoghegan should stay in his post and spurn any offer to become chairman, according to banking analysts.

Chairman Stephen Green’s decision this week to join the British government without a successor being named, prompted speculation among investors about a replacement. Geoghegan or former Goldman Sachs Group Inc. partner John Thornton, head of HSBC’s North American unit, may take the role, says Colin Mclean, who manages 650 million pounds ($999 million) including HSBC shares at SVM Asset Management in Edinburgh.