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This Article is From Sep 30, 2019

HSBC Shortlist for CEO Includes RSA's Hester, Citi's Bird: Times

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(Bloomberg) -- HSBC Holdings Plc's shortlist for its next chief executive officer includes Stephen Bird, Citigroup Inc.'s head of global consumer banking, and RSA Insurance Group Plc CEO Stephen Hester, Britain's Sunday Times newspaper reported.

HSBC hired Egon Zehnder to help with the search process, the newspaper said, without saying where it got the information. The report said a key consideration is experience in Asia, where HSBC generated most of its profit last year.

Bird led Citigroup's Asia-Pacific arm between 2012 and 2015, while Hester ran Royal Bank of Scotland Group Plc for five years in the wake of its taxpayer bailout and nationalization a decade ago. Hester joined RSA in 2014.

HSBC's interim CEO, Noel Quinn, is also seen as a strong candidate, the Times said. Quinn was installed after Chairman Mark Tucker ousted John Flint less than two months ago. Tucker was increasingly at odds with Flint over the ex-CEO's focus on expanding in China, people familiar with the matter said at the time.

Read More: in August, HSBC Ousts John Flint as CEO

To view the source of this information click here

To contact the reporter on this story: Derek Wallbank in Singapore at dwallbank@bloomberg.net

To contact the editors responsible for this story: Chua Baizhen at bchua14@bloomberg.net, Keith Campbell, Marion Dakers

©2019 Bloomberg L.P.

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