HSBC Group Chairman to retire by end of 2025

LONDON - HSBC Holdings plc (NYSE:HSBC) announced today that Sir Mark Tucker, the Group Chairman, has informed the Board of his intention to retire before the end of 2025. Tucker has served as Group Chairman since October 1, 2017, following his appointment to the Board on September 1, 2017.

During his tenure, Tucker has been credited with steering the company through significant challenges, including the COVID-19 pandemic. He has also been recognized for his role in enhancing the bank’s governance and succession processes, as well as strengthening relationships with key stakeholders such as clients, regulators, and investors.

The Board’s Nomination and Corporate Governance Committee, led by Senior Independent (LON:IOG) non-executive Director Ann Godbehere, has initiated the process to select Tucker’s successor. The committee is focused on identifying a candidate who can support the current Group CEO, Georges Elhedery, and guide the bank through its next growth phase.

Godbehere praised Tucker’s contributions, emphasizing the strategic guidance he provided to the management team and his efforts in streamlining the Board. She also highlighted his role in the recent CEO succession process and his commitment to remaining as a strategic adviser during the transition period.

HSBC, headquartered in London, operates from offices in 58 countries and territories around the world. As of March 31, 2025, the bank reported assets of US$3,054 billion, maintaining its status as one of the globe’s largest banking and financial services organizations.

The company has stated it will provide updates on the succession of the Group Chairman role in due course. This announcement is based on a press release statement and contains no additional information that needs to be disclosed to the shareholders of the company, as per the rules of the Hong Kong Stock Exchange.

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