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HSBC new CEO: Retail head John Flint may replace Stuart Gulliver

Appointment of Gulliver's replacement first major decision facing Mark Tucker, bank's new chairman

Reuters  |  London 

HSBC headquarters in Hong Kong

wants to appoint company insider as its next chief executive and has approached regulators seeking their approval, Britain's Sunday Times newspaper said.

Europe's biggest bank has told the it wants approval for Flint, who currently runs the lender's retail and wealth management businesses, to take over from Stuart Gulliver, the paper said, citing unnamed sources.

did not immediately respond to a request for comment.

Gulliver has said he plans to step down next year and the appointment of his replacement is the first major decision facing the bank's new chairman, Mark Tucker, who took up his post on October 1.

John Flint, no relation to outgoing chairman Douglas Flint, joined in 1989 and has worked in both the investment banking and retail banking sides of the bank, spending 14 years in Asia at the start of his career.

First Published: Sun, October 08 2017. 15:40 IST