HSBC Restarts Chair Search After Candidate Shortlist Falls Short

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.