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.
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
-
New electric car grant worth up to £3,750 announced – how the scheme worksThe cost of a new electric car could be cut by up to £3,750. We explain how the new electric car grant works, and what cars are likely to be made cheaper.
-
The Treasury and the FCA want you to invest more – what the Leeds Reforms mean for your moneyAn overhaul of regulations and capital market rules by the Treasury and Financial Conduct Authority aim to boost retail investment. We explain what it means for you
