He takes the reins after the lender struggled to find a suitable external candidate following a shortlist of names that included former politicians and financiers such as Goldman Sachs Group Inc.’s Kevin Sneader and Richard Gnodde among others.
HSBC Holdings Plc unexpectedly appointed Brendan Nelson as its next chair, replacing hard-charging financier Mark Tucker who has led Europe’s largest lender for much of the last decade.
The decision “follows a robust process that considered both internal and external candidates,” the London-headquartered bank said in a statement on Wednesday. Nelson, 76, who had been serving as interim group chair since Oct. 1, joined the board in September 2023.
