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Retail banking chief Flint to succeed Gulliver as HSBC CEO

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Retail banking chief Flint to succeed Gulliver as HSBC CEO

HSBC Holdings Plc appointed John Flint executive director and group CEO.

Flint, currently CEO of HSBC's retail banking and wealth management division, will replace Stuart Gulliver on Feb. 21, 2018, after Gulliver has stepped down as executive director and group CEO and retired from the bank. Flint joined HSBC in 1989 and has not held any directorship in any other publicly listed companies in the U.K. or abroad for the past five years.

Gulliver will step down as CEO on Feb. 20, 2018, but will continue to advise HSBC until his formal retirement Oct. 11, 2018.

Earlier, the Financial Times reported that internal candidates under consideration for the job included finance director, Iain Mackay; head for Europe, Antonio Simoes and head of the group's investment bank, Samir Assaf. Matthew Westerman, co-head of global banking, also reportedly emerged as a contender.