A former McKinsey boss is among the candidates considered to be replaced by Sir Mark Tucker as president of HSBC Holdings.
Sky News learned that Kevin Sneader, who was elected from the World Consulting Company in 2021 following a series of crises, was approached from the first job at the Banque based in London.
City sources have said that Mr. Sneader was one of the many people examined by the board of directors’ appointment assembled by HSBC.
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The identity of other contenders was not clear on Friday.
Sneader, of Scottish origin, left McKinsey after agreeing to pay $ 600 million to 49 US states for his role in the adviser to opioid manufacturers.
Since then, he has played a main role at Goldman Sachs, where he is now president of Asia-Pacific, excluding Japan.
He is also a member of the Ranks of the Wall Street Bank partners.
An initiate suggested the circumstances of Mr. Sneader’s exit from McKinsey, as well as the fact that he has little experience in the management or presidency of the companies listed in London, could weigh against him while HSBC deliberate on the choice of Sir Mark’s successor.
Sir Mark Tucker. File peak: Reuters
On Friday, HSBC said that Sir Mark would leave in September, after which he would return to the president of AIA, the insurance company based in Hong Kong which he previously directed.
In the meantime, Brendan Nelson would take over, the principal independent director Ann Godbehere leading the process to find a permanent replacement.
As a financial giant with deep ties with China and the United States, the HSBC is deeply exposed to the climbing of trade and diplomatic tensions between the two countries.
When he was appointed in 2017, Sir Mark became the first stranger to take the job in the 152 years of bank history – and who has a great presence on the main street thanks to his acquisition of the Midland Bank in 1992.
He supervised a quick change in leadership, appointing the veteran of the Bank John Flint to replace Stuart Gulliver as managing director.
However, the transition did not work positively, Sir Mark deciding to dismiss Mr. Flint after only 18 months.
It was replaced interim by Noel Quinn in the summer of 2018, this change becoming permanent in April 2020.
Mr. Quinn spent an additional four years in the position before deciding to resign, and in July, he was replaced by Georges Elhedery, a long -standing framework of the HSBC market unit and, more recently, the bank’s financial director.
The first great decision of the new chief in the first job was to reveal a radical reorganization of HSBC – which sees it reshaping in the eastern markets and the companies of the Western markets.
He also decided to merge his commercial and investment banking operations into a single division.
Restructuring, which, according to Mr. Elhedery, “would lead to a simpler, more dynamic and agile organization” nevertheless drawn a mixed reaction of analysts.
HSBC did not respond to a request for comments.