Cancer-stricken Sandy Flockhart, the Chairman of HSBC's UK banking operations, it to retire at the end of the month.
Flockhart, who has worked for HSBC for 37 years, will retire as a non-executive director of HSBC Holdings, the parent group of HSBC Bank; he will also step down as a director of HSBC Bank Middle East. He gave up executive duties at HSBC back in April.
In his long career with HSBC Flockhart has been Chairman of HSBC's operations in Europe, the Middle East and Africa and also the Chief Executive Officer of The Hongkong and Shanghai Banking Corporation Limited.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We are extremely grateful to Sandy for his dedicated and loyal service to HSBC over 37 years including the last four years on the HSBC Holdings Board and wish him well for the future, particularly in his continuing fight against cancer," said Douglas Flint, group Chairman of HSBC.
JH
-
'The most important factor in UK's growth problem gets no airtime'What is the UK's biggest economic problem? Author Andrew Craig explores the shrinking domestic stock market
-
Is the stock market open on Christmas?‘Tis the season for stuffing stocks – here’s what investors need to know if the UK stock market is open for trading on Christmas
