HSBC is in advanced talks to appoint Mark Tucker, head of Asian life insurer AIA , as chairman in a move that would break with the bank’s tradition of promoting insiders to top jobs. The plan to hire Mr Tucker, which has been approved by regulators in the UK and Hong Kong, is still conditional on whether an agreement can be finalised between the two sides, according to people briefed on the matter.
Category: HSBC Holding
HSBC Boosts CEO Gulliver’s Pay as Bank’s Bonus Pool Drops 12%
HSBC Holdings Plc boosted Stuart Gulliver’s total potential pay to 9.7 million pounds as the chief executive officer was rewarded for cutting costs, while the bank’s bonus pool dropped. Gulliver, 57, saw his annual incentive pay for 2016 raised to 1.7 million pounds from 1.1 million pounds a year earlier as he hit targets for paring expenses and assets, even as he fell short of a profit goal, the bank said in its annual report Tuesday.