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HSBC appoints new CEO to replace retiring Stuart Gulliver

AP  |  London 

London-based HSBC says John Flint will be its new chief executive, replacing the retiring Stuart Gulliver.

The said in statement today that Flint, who currently heads up retail and wealth management, will take the job on February 21.


Chairman Mark Tucker says Flint has "great understanding and regard for HSBC's heritage, and the passion to build the for the next generation."

Flint says he's "humbled by the responsibility." He has represented the group in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and the United Kingdom.

HSBC is carrying out a sweeping overhaul to increase profitability. That includes shedding thousands of workers and exiting some markets in order to focus even more on Asia.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 16:48 IST
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