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Report: Ex-UBS i-bank chief Orcel interested in HSBC top job

Andrea Orcel, the former UBS Group AG investment bank head who was in the running to be CEO of Spain's Banco Santander SA, is potentially interested in becoming CEO of HSBC Holdings PLC, reported Aug. 13, citing sources.

HSBC announced the unexpected departure of CEO John Flint on Aug. 5, saying a change was needed to tackle the "challenging global environment."

Santander had announced Orcel's appointment to its top job in September 2018, only to withdraw it less than four months later. Orcel is suing the Spanish bank.

Although there has been no communication as yet between the British bank and the Italian banker, Orcel is reportedly willing to forgo part of his bonus from UBS if he were to be chosen as HSBC's new chief, people close to Orcel said.