LONDON (dpa-AFX) - HSBC Holdings Plc (HSBC, HSBA.L)) selected John Flint, head of retail banking and wealth management, to be the new chief executive officer and has asked the Bank of England for permission to make the appointment, the Sunday Times reported.
The London-based bank's board approved 49-year-old Flint's appointment after the arrival of new Chairman Mark Tucker last week, according to the paper. He would take over the position from Stuart Gulliver, who has been in the post for nearly seven years and has said he would retire in 2018.
Flint, who heads up HSBC's largest division, joined in 1989, rising through the ranks of its Asia trading floor before returning to Europe 13 years ago. He's been treasurer, deputy head of markets, chief of staff and head of strategy at the bank.
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