HSBC's Mark Tucker to Join AIA as Chairman

By Amanda Lee

HSBC Group chairman Mark Tucker will return to Hong Kong-based insurer AIA Group as its new group board chairman.

Tucker will step down from his role at HSBC and resign from the board on September 30, the bank said Friday.

He will remain as a strategic adviser to the group CEO and board during the search for his successor. The bank said further updates on its succession process will be provided in due course.

Brendan Nelson, an independent non-executive director and chair of HSBC's group audit committee, will serve as interim group chairman following Tucker's departure, subject to regulatory approval.

Tucker previously served as AIA's group chief executive officer and president from 2010 to 2017.

In a separate statement, AIA said Tucker will succeed retiring chairman Edmund Sze-Wing Tse on October 1. He has been appointed as AIA's independent non-executive chairman and director, as well as chairman of the nomination committee and member of the remuneration committee.

Write to Amanda Lee at [e-mail]

(END) Dow Jones Newswires

06-06-25 0017ET