Tucker to earn £1.5m as new HSBC chairman

HSBC shares spiked upwards by 0.87% to 627.6p in early trading as Mark Tucker was named the new group chairman designate at the banking group.

Tucker to earn £1.5m as new HSBC chairman

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“Over that time the group has dealt with considerable challenges as well as successfully pursued opportunities which have positioned the group extremely well for the future.”

Tucker added: “I am honoured and excited to be taking on the role of group chairman of one of the world’s largest and most prestigious banking and financial services organisations.

“I have long had enormous admiration for HSBC with its unrivalled network, exceptional brand and leading position supporting global business and trade.”

The appointment is subject to regulatory approval and is for an initial term of three years.

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