Chairman of HSBC's UK bank retires

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.

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"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