HSBC appoints John Flint as new chief executive

Marco Green
October 12, 2017

Banking giant HSBC has confirmed that John Flint will succeed Stuart Gulliver as chief executive.

HSBC's previous management duo of Gulliver and former chairman Douglas Flint spent the years since their appointment in 2010 shrinking HSBC, after a period of empire-building in the run-up to the 2008 global financial crisis left the bank overextended.

Flint says he's "humbled by the responsibility".

"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".

Gulliver, who has been chief exec for seven years, said his primary role as CEO is "stewardship and to hand the company to my successor in better shape than when I started".

Mr Flint joined HSBC after graduating with a degree in economics from Portsmouth Polytechnic in 1989.

Flint will form a new partnership at the top of HSBC with the bank's new chairman Mark Tucker, who assumed his role on October 1.

"He has a great understanding and regard for HSBC's heritage, and the passion to build the bank for the next generation", Tucker said in a statement.

Other reports by Click Lancashire

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