as declared in
Image copyright Getty ImagesHSBC has appointed Mark Tucker, the chief executive of Asian insurer AIA, as group chairman.
Mr Tucker has been chief executive of AIA for seven years, during which he oversaw the insurer’s expansion in Asia.
Mr Tucker will take over on 1 October, succeeding Douglas Flint who has been in the role since 2010.
One of his first jobs will be to find a replacement for Stuart Gulliver, the chief executive of HSBC, who plans to step down next year.
Those challenges make the appointment of a new chief executive even more crucial for investors, a search which will now be led by Mr Tucker.
As it stated in
HSBC names AIA’s Mark Tucker as new chairman
#HSBC announces its appointment of Mark Tucker to succeed Douglas Flint as Group Chairman https://t.co/rGT5oGtfjC pic.twitter.com/lOsWMRFlN6 — HSBC (@HSBC) March 13, 2017It is the first time HSBC has hired an outsider as chairman in its entire 152-year history.
One-time professional footballer and insurance industry veteran Mark Tucker is to take over as chairman at the start of October, replacing Douglas Flint.
Changes at the top for Europe’s biggest bank – HSBC.
Tucker is currently the boss of Asian-based insurer AIA and the former head of British international financial services group Prudential.
The new chairman will also have to find a successor to HSBC’s Chief Executive Stuart Gulliver who is due to leave next year.
As it stated in
AIA’s regional chief executive Ng Keng-hooi has been appointed to succeed Tucker as chief executive and president in September.
HSBC shares jumped to two-week high after it appointed Mark Tucker, the chief executive and president of the largest independent public listed pan-Asian life insurer AIA Group, as its new chairman.
AIA shares dropped 3 per cent to close at its two-week low of HK$48.8, recording their sharpest fall in over three months.
HSBC shares have lost over 22 per cent in Hong Kong in the past seven years.
Tucker’s remuneration at AIA, excluding shares payment, was US$9.93 million in 2015, according to the annual report of AIA.
collected by :John Locas