Questions raised about permanency of 76-year-old’s appointment and ‘leadership stability at critical juncture for bank’
HSBC has appointed the former KPMG partner Brendan Nelson as its chair after a prolonged search process that left one of the world’s biggest banks without a permanent executive in the top role for months.
The decision to appoint Nelson, who has been serving as interim chair, came as a surprise, after a protracted hunt for a permanent successor for Mark Tucker which involved courting external candidates including the former chancellor George Osborne and the head of Goldman Sachs’s Asia-Pacific division, Kevin Sneader.
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