Economics
Gulliver’s Promotion at HSBC Marks Ascent of Investment Bankers
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Stuart Gulliver’s appointment as chief executive officer of HSBC Holdings Plc, Europe’s biggest lender, leaves investment bankers holding six of the top eight positions at Britain’s biggest banks.
Gulliver, who has led HSBC’s investment bank since 2006, will replace Michael Geoghegan as CEO at the end of the year, a person familiar with the matter said. He joins fellow investment bankers Robert Diamond, the newly appointed CEO at Barclays Plc, Barclays Chairman Marcus Agius, Royal Bank of Scotland Group Plc CEO Stephen Hester, RBS Chairman Philip Hampton and Lloyds Chairman Win Bischoff.