HSBC Shares Gain After Bank Names AIA’s Tucker as Chairman
- Lender says Tucker will lead search to replace CEO Gulliver
- Appointment is a ‘bold, very good move,’ says analyst Chen
HSBC Overhauls Top Management, Names Tucker as Chairman
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HSBC Holdings Plc named insurance executive Mark Tucker to succeed Douglas Flint as chairman, enlisting an outsider to oversee Europe’s biggest bank as it overhauls management.
Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, will take the post Oct. 1, the bank said in a statement Monday. AIA Regional CEO Ng Keng Hooi will immediately become CEO-designee and formally succeed Tucker on Sept. 1.