HSBC names insider and former HK hand John Flint as CEOBusiness | 12 Oct 2017 7:00 pm
London-based HSBC Holdings (0005) today named a veteran insider, John Flint (pictured) as its chief executive from February 21.
Flint succeeds Stuart Gulliver who is retiring.
Between 1998 and 2004, Flint has served in various roles in global markets regional head office in Hong Kong.
And then between 1989 and 1996 he held various roles in Hong Kong, India, the US, Bahrain, Thailand and Singapore.
The London-based bank said in statement that Flint is head of retail banking and wealth management.
Chairman Mark Tucker said Flint has "great understanding and regard for HSBC's heritage, and the passion to build the bank for the next generation. Through the search process, John has developed with myself and the board a clear sense of the opportunities and priorities that lie ahead. Over the coming months, before he formally takes over the Group CEO role from Stuart [Gulliver], we will be working closely together to develop and agree the key actions required to ensure we build on and enhance HSBC’s current momentum.
Flint noted that he is "humbled by the responsibility.''
He adds: "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.''
Flint has represented the group in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and the United Kingdom.
Flint joined in 1989 and has been Gulliver’s chief of staff.
Group chairman, Douglas Flint, steps down this month from HSBC after 22 years.
HSBC Holdings, the parent of the HSBC Group, is headquartered in London.
HSBC holdings reported attributable profit of US$6.99 billion for the first half this year.