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HSBC Holdings PLC on Friday said Brendan Nelson will take over as interim group chair from October 1, succeeding Mark Tucker, who steps down at the end of September. Nelson, currently a non-executive director on HSBC’s board and of HSBC UK Bank PLC, will be paid an annual fee of £1.5 million under the bank’s director remuneration policy. He will not receive additional fees for his other board roles while serving as interim chair. The London-based universal bank said Nelson and Tucker have conducted a full handover process over recent months to ensure a smooth transition. Tucker, who has been chair since 2017, will remain as a strategic adviser to the group chief executive and board while the search for a permanent successor continues. The selection process for a permanent HSBC Group Chair, led by Senior Independent Director Ann Godbehere, is ongoing. HSBC said it will provide further updates in due course. Shares in HSBC were up 0.7% at 1,032.20 pence in London on Friday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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