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HSBC executive director to step down

Sandy Flockhart is retiring as an executive director of HSBC Holdings plc, with effect from 30th April 2012.

He will remain on the board as a non-executive director and will also retain his positions as chairman of HSBC Bank plc (the group’s principal UK and European subsidiary); as chairman of HSBC Latin America Holdings (UK) Limited; and as a director of HSBC Bank Middle East Ltd.

Mr Flockhart joined the bank in 1974 and began his international career in the Middle East, going on to hold many of the most senior positions in every region in which HSBC operates.

Currently Chairman of operations in Europe, the Middle East and Africa, he previously served as chief executive officer of The Hongkong and Shanghai Banking Corporation.

Douglas Flint, HSBC group chairman, comments: “Sandy has served the bank with dedication and distinction … the board and I are extremely pleased that Sandy has agreed to stay on as a non-executive director so that we will be able to continue to draw on his depth of experience.”

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