HSBC is refreshing its search for a new board chairman after it couldn’t find enough satisfactory candidates for a final shortlist, the Financial Times reported https://t.co/Brf8OTTM4l
HSBC is reportedly facing challenges completing its shortlist as it searches for a new chair, according to the Financial Times. $NDXP
FT cites individuals familiar with situation on HSBC next chair search
HSBC Holdings Plc has restarted its search for a new board chair after failing to assemble a satisfactory shortlist of candidates, the Financial Times reported, citing people familiar with the process. The bank had paused the effort earlier this year but is now approaching additional prospects in order to broaden the field. The renewed effort is aimed at identifying a successor to current chair Sir Mark Tucker. HSBC, Europe’s largest lender by assets, has not disclosed a timeline for an appointment, but the prolonged hunt underlines the difficulty of finding a candidate with both regulatory experience and familiarity with Asia, the bank’s largest market.
