Home / Finance & Business / HSBC hire John Flint as bank's new chief executive replacing Stuart Gulliver

HSBC hire John Flint as bank's new chief executive replacing Stuart Gulliver

Mr Flint who currently heads up HSBC’s retail banking and wealth management division will succeed the company’s current CEO Stuart Gulliver from 21 Feburary 2018. 

Mr Gulliver has held the position since 2011.

The announcement confirms reports over the weekend that suggested Flint was being considered.

Mr Flint said: “I am humbled by the responsibility and enormously excited by the opportunity to lead HSBC as Group CEO.

“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.”

HSBC Group Chairman Mark Tucker who was involved in the process of recruiting a new CEO said: “John 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.

“Over the coming months, before he formally takes over the Group CEO role from Stuart, we will be working closely together to develop and agree the key actions required to ensure we build on and enhance HSBC’s current momentum.”

Commenting on Mr Gulliver’s departure, Tucker said that he had led he company through a difficult transformation with “great energy and commitment”.

Mr Gulliver said: “After the most extensive restructuring of the bank in its history and a relentless focus on meeting the evolving expectations of society I am confident HSBC is in better shape than it was seven years ago. 

“I know that with Mark and John leading the organisation, it is in great hands.”

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