Flockhart retires from HSBC's main board
One of HSBC's most experienced bankers, Sandy Flockhart, is to retire as Executive Director from the main board, having served 37 years with the firm.
One of HSBC's most experienced bankers, Sandy Flockhart, is to retire as Executive Director from the main board, having served 37 years with the firm.
His experience in international banking means the bank has decided to retain him as a non-executive. He will also retain his positions as Chairman of HSBC Bank plc, the group's principal UK and European subsidiary, as Chairman of HSBC Latin America, and as a director of the Middle East operation.
Douglas Flint, Group Chairman, said: "Sandy has served the bank with dedication and distinction in a 37-year career spanning both developed and emerging markets. He retires at a point in time when Commercial Banking, the business with which he has been most associated, is the largest profit contributor to the Group."
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
HSBC shares were down 0.63% at 11:14.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published