HSBC’s Mark Tucker appointed as Discovery chair
Long-serving Monty Hilkowitz will be replaced at the end of February
The appointment of HSBC Holdings chair Mark Tucker as chair of Discovery will benefit the company’s growth plans as it looks to venture into new markets, Discovery said on Thursday. Tucker will replace Monty Hilkowitz, Discovery’s long-serving chair, who will retire at the end of February. Discovery said the appointment of Tucker, who chairs Europe’s largest bank by assets, is vital. “His succession to the board is seen as critical and timely given that Discovery’s global expansion into different markets via key partnerships creates considerable opportunity. The board believes that Mr Tucker’s substantial global and institution experience will be hugely valuable to the group in this expansion,” Discovery said.
Between 2010 and 2017 Tucker, who is also an associate professor at the Chinese University of Hong Kong, was CEO of life insurance group AIA. “He led its record-breaking initial public offering in Hong Kong in October 2010. AIA is today the second-largest life insurance ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.