HSBC Holdings PLC - London-based bank - HSBC Chair Mark Tucker intends to retire from his role as chair before the end of 2025. He has served as chair since October 2017. The company has started the process to find a new chair. Senior Independent Director Ann Godbehere says: "The board is conducting a thorough process to identify the best candidate to lead the board, and support group Chief Executive Officer Georges Elhedery, and the wider management team, through the next period of development and growth for the bank. I am delighted that Mark will remain as a strategic adviser to the group CEO and the board whilst the succession process for a permanent chair continues."
Current stock price: 829.40 pence each, down 0.3% on Thursday afternoon in London
12-month change: up 19%
By Tom Budszus, Alliance News slot editor
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Founder of Prudential Corporation Asia Ltd., Mark Edward Tucker is a British businessperson who has been at the helm of 8 different companies and occupies the position of Non-Executive Group Chairman at HSBC Holdings Plc, Non-Executive Chairman of Discovery Ltd. and Chairman & Chief Executive Officer at AIA International Ltd. Mr. Tucker is also Chairman at TheCityUK, Associate at Institute of Chartered Accountants in England & Wales, Associate Professor at The Chinese University of Hong Kong and Member of Asia Business Council.
In the past he was Group Chief Executive Officer & Director at Prudential Plc Chief Executive Officer of Prudential Corporation Asia Ltd. and Senior Vice President-Operations at Jackson National Life Insurance Co. (both are subsidiaries of Prudential Plc), Non-Executive Director at AIA Group Ltd. and Chairman at AIA Co., Ltd. (Hong Kong) (a subsidiary of AIA Group Ltd.), Group Finance Director at HBOS Plc, General Manager of The Prudential Assurance Co., Ltd. (Hong Kong) and Finance Controller at PPM Capital Ltd.
Mark Edward Tucker received an undergraduate degree from the University of Leeds.
HSBC Holdings plc is one of the world's leading banking groups. Revenues break down by activity as follows:
- retail banking and wealth management (42.3%): sales of classical and specialized banking products and services (consumer loans, leasing, factoring, private card management, etc.) and wealth management;
- commercial banking (31.8%) ;
- investment, financing and market banking (25.9%): operations on the capital markets, operations on rates, change rates and natural resources, merger and acquisition consulting, initial public offerings, capital investment, specialized and unionized financing solutions, etc.;
At the end of 2024, the group had USD 1,654.9 billion in current deposits and USD 930.6 billion in current credits.
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