HSBC late Friday announced a shakeup of its top leadership that was sparked by the nomination of chairman Stephen Green to a government post earlier this month. However, the reshuffle became a lot more dramatic than initially perceived when CEO Michael Geoghegan announced his resignation, leaving the board with not one, but two key positions to fill.
This opened up for a promotion of Asia veteran Stuart Gulliver to CEO, a position that he will take up on January 1. In a continuation of Geoghegan’s relocation to Hong Kong in February this year, Gulliver will return to this former stomping ground for his new job after six years in London. Subject to regulatory approvals,...
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