HSBC Chairman Sees No Other ‘Immediate’ Changes to Senior Team

  • John Flint named as new CEO, replacing Stuart Gulliver
  • Bank hasn’t announced Flint’s replacement as retail bank head

HSBC Names John Flint as CEO to Succeed Gulliver

HSBC Holdings Plc Chairman Mark Tucker ruled out a reshuffle of the senior management team after naming John Flint as the bank’s new chief executive officer. 

“We don’t anticipate any immediate changes,” Tucker said in phone interview Thursday. “We’ve got a terrific team of very strong individuals and don’t anticipate any changes going forward."

The bank didn’t say who would replace Flint as head of retail banking and wealth management when he succeeds Gulliver in February. Other potential internal CEO candidates included Samir Assaf, the head of the investment bank; Antonio Simoes, who runs the bank’s U.K. and European regional operations; global head of banking Matthew Westerman and Finance Director Iain Mackay, people with knowledge of the matter have said.

Flint joined the bank’s management training program in 1989 and rose through the ranks of its Asian trading floor before returning to Europe 13 years ago to take on senior roles spanning the consumer and investment banking sides of the business. He’s been treasurer, deputy head of markets, chief of staff and head of strategy.

“What we will do over the coming months, before John formally takes over the role from Stuart, is work closely together to develop an agenda and agree the key actions that we need to do to ensure that we are able to build on and enhance and accelerate HSBC’s current momentum,” Tucker said.

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