LONDON – HSBC has confirmed that John Flint will become its new Group CEO.
In a statement to the stock market on Thursday morning, the bank confirmed reports about potential Flint’s appointment.
“I am humbled by the responsibility and enormously excited by the opportunity to lead HSBC as Group CEO,” Flint said in a statement.
“The bank is very well-positioned for the future but we must continue to innovate and accelerate the pace of change required to meet the expectations of our shareholders, customers, employees, and society at large.”
Flint, who is no relation to outgoing chairman Douglas Flint, is the current head of the bank’s retail and wealth management businesses. He joined HSBC in 1989 and spent 14 years in Asia at the start of his HSBC career.
He will take over from current boss Stuart Gulliver on 21 February 2018, following Gulliver’s retirement.
Mark Tucker, HSBC’s new chairman, said Flint “has broad and deep banking experience across regions, businesses and functions.”
“He has a great understanding and regard for HSBC’s heritage, and the passion to build the bank for the next generation,” Tucker said in a statement.
“Through the search process, John has developed with myself and the Board a clear sense of the opportunities and priorities that lie ahead.”