learningandfinance.com


Business

John Flint named as HSBC's new chief executive, succeeding Stuart Gulliver

Share
The Barbados hotels owner said that bookings are currently ahead of the same period last year

According to Haberturk, Flint, which has been working in various stages of HSBC since 1989, has previously been chief of staff of Gulliver and experienced executive officer in seat of CEO. The new boss is a 28-year veteran of the British bank and a familiar face in Asia.

Europe's largest bank, which is based in London, said Mr Gulliver would retire on 21st February to be replaced by the HSBC veteran, who now heads its retail banking and wealth management divisions.

HSBC, CEO Stuart Gulliver, who will retire next year, announced that John Flint is now head of individual banking and asset Management department.

'Game Of Thrones' star Jason Momoa criticised after rape joke video resurfaces
Actors Gal Gadot, Jason Momoa and Ben Affleck during the Justice League autograph signing at Comic-Con International 2017. Others defended the clip, saying it was old and it was referring to his character in the show.

Manchester United Legend Paul Scholes Doesn't Want Oldham Job
Scholes has no previous managerial experience and had previously said he was undecided on whether he meant to go into coaching. Another ex-United player, Richie Wellens, is now caretaker manager.

Energy regulator unveils price cap plans for 'vulnerable' households
The BBC understands that Ofgem is reluctant to do so because it believes energy companies could challenge its decision. Mr Lewis reinterated E.on's plans to move all customers off its standard variable tariff from next year.

Chairman Mark Tucker, who led the search, said: "John has broad and deep banking experience across regions, businesses and functions". Gulliver's legacy in six years on the job is of cleaning up and tightening controls after HSBC was ensnared in a series of scandals, including laundering for drug cartels.

HSBC's previous management duo of Mr Gulliver and former chairman Douglas Flint spent the years since their appointments in 2010 shrinking the bank, after a period of empire-building in the run-up to the global financial crisis left it overextended. He has represented the group in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and the United Kingdom. He could earn as much as £2.58 million as an annual bonus, with another £3.84 million in longer-term bonus awards.

Share