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Report: HSBC seeks approval to install Flint as CEO

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Report: HSBC seeks approval to install Flint as CEO

HSBC Holdings Plc has tapped John Flint to be its new CEO and has asked the Bank of England for approval to move forward with the appointment, The Sunday Times reported Oct. 8, citing unidentified sources.

Flint, currently HSBC's head of retail banking and wealth management, has been rumored to be the front-runner to replace current CEO Stuart Gulliver, who is expected to step down in 2018.

HSBC's board of directors signed off on Flint's appointment last week, The Sunday Times said.