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Analysts welcome HSBC’s move for ‘no nonsense’ Tucker

Appointment is a 'turning point' for the bank as it looks to emerge from a 'lost decade'

Mark Tucker will succeed Douglas Flint as chairman of HSBC on October 1
Mark Tucker will succeed Douglas Flint as chairman of HSBC on October 1 Photo: Getty Images

HSBC has chosen the chief executive of AIA Group as its next chairman – whose first major task will be to identify a successor to CEO Stuart Gulliver.

The UK bank said in a statement on March 13 that Mark Tucker will succeed Douglas Flint as group chairman on October 1. Flint has been chairman of HSBC since 2010. It is the first time the bank has picked an outsider for the role in its 152-year history.

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