London — HSBC has appointed John Flint as its next CEO the bank said on Thursday, sticking with a tradition of promoting company insiders to run the firm. Flint, who currently runs HSBC’s retail and wealth management business, will start in his new role on February 21 2018, taking over from current CEO Stuart Gulliver, who is retiring after seven years in the job. The appointment marks the first major decision taken by the bank’s new chairman, former AIA Group CEO, Mark Tucker, who joined HSBC on October 1 as its first ever externally appointed chairman. Flint, no relation to outgoing chairman Douglas Flint, is viewed by other executives inside HSBC as a safe pair of hands, having been at the bank since 1989. He has worked across most of its business lines and spent the first 14 years of his career with the bank in Asia, giving him the breadth of experience seen as vital to the CEO role. "He has a great understanding and regard for HSBC’s heritage, and the passion to build the bank ...
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