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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Santander axes 1% cashback on spending for Edge account customers
Santander will stop awarding cashback on everyday spending for its Edge customers, limiting cashback to just bills
-
Estates without a will hit five-year high – as two in five Brits prepared to go to court over inheritance
Figures from the Ministry of Justice show the number of probate disputes is rising steadily.