Finance
HSBC Renews Hunt for Chair Amid Struggle to Fill Shortlist, FT Says
HSBC stepped up its efforts to find a successor after Tucker surprised fellow board members with an announcement that he would leave the bank in September.
Photographer: Lam Yik Fei/Bloomberg
HSBC Holdings Plc is refreshing its search for a new board chairman after it couldn’t find enough satisfactory candidates for a final shortlist, the Financial Times reported Saturday.
The bank has been seeking a replacement for Mark Tucker, who announced earlier this year that he will stand down by the end of 2025. Tucker has presided over a turbulent tenure marked by multiple changes of the chief executive, a clash with one of the bank’s largest shareholders and a public slap down from the US government.