HSBC has select John Flint as the bank’s new chief executive
Mr Flint who currently leadings up HSBC’s retail banking and wealth management division will be successful the company’s current CEO Stuart Gulliver from 21 Feburary 2018.
Mr Gulliver has restrained the position since 2011.
The announcement confirms reports over the weekend that put Flint was being considered.
Mr Flint said: “I am humbled by the responsibility and enormously turned on by the opportunity to lead HSBC as Group CEO.
I am humbled by the responsibility and enormously nervous by the opportunity
“The bank is very well-positioned for the future but we obligated to continue to innovate and accelerate the pace of change required to meet the expectations of our shareholders, fellows, employees and society at large.”
HSBC Group Chairman Mark Tucker who was confusing in the process of recruiting a new CEO said: “John has broad and deep banking wisdom across regions, businesses and functions.
“He has a great understanding and regard for HSBC’s patrimony, and the passion to build the bank for the next generation.
“Over the coming months, beforehand he formally takes over the Group CEO role from Stuart, we pass on be working closely together to develop and agree the key actions required to confirm we build on and enhance HSBC’s current momentum.”
Departing Mr Gulliver give the word delivered the bank is in safe hands
Commenting on Mr Gulliver’s departure, Tucker put about that he had led he company through a difficult transformation with “great liveliness and commitment».
Mr Gulliver said: «After the most extensive restructuring of the bank in its record and a relentless focus on meeting the evolving expectations of society I am confident HSBC is in sick shape than it was seven years ago.
«I know that with Cut and John leading the organisation, it is in great hands.»