AFP, London :
British banking giant HSBC on Thursday said it had chosen John Flint, its head of retail banking and wealth management, to succeed Stuart Gulliver as chief executive, who is retiring.
Flint begins his new role on February 21 after Gulliver had already announced his intention to step down after more than seven years, during which time he has overseen a huge reduction in staff numbers and operations amid a troubled period for the bank and sector as a whole. In a company statement, Flint said he was “humbled by the responsibility and enormously excited by the opportunity” to lead the Asia-focused bank, as it grapples also with the uncertainty thrown up by Brexit.
The 49-year-old Briton added: “The bank is very well-positioned for the future but we must continue to innovate and accelerate the pace of change required to meet the expectations of our shareholders, customers, employees and society at large.”
Recently-appointed chairman Mark Tucker said Flint had “a great understanding and regard for HSBC’s heritage”.
HSBC, founded in Hong Kong and Shanghai in 1865, sees its current focus firmly in Asia, although it has been based in Britain since 1992.
British banking giant HSBC on Thursday said it had chosen John Flint, its head of retail banking and wealth management, to succeed Stuart Gulliver as chief executive, who is retiring.
Flint begins his new role on February 21 after Gulliver had already announced his intention to step down after more than seven years, during which time he has overseen a huge reduction in staff numbers and operations amid a troubled period for the bank and sector as a whole. In a company statement, Flint said he was “humbled by the responsibility and enormously excited by the opportunity” to lead the Asia-focused bank, as it grapples also with the uncertainty thrown up by Brexit.
The 49-year-old Briton added: “The bank is very well-positioned for the future but we must continue to innovate and accelerate the pace of change required to meet the expectations of our shareholders, customers, employees and society at large.”
Recently-appointed chairman Mark Tucker said Flint had “a great understanding and regard for HSBC’s heritage”.
HSBC, founded in Hong Kong and Shanghai in 1865, sees its current focus firmly in Asia, although it has been based in Britain since 1992.
