John Flint named new HSBC chief executive

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HSBC has appointed John Flint as its new chief executive, replacing the long-standing Stuart Gulliver.

Mr Flint, who currently heads up retail banking and wealth management at the lender, will take up the role on February 21.

Mr Gulliver will end a seven-year stint at the banking giant.

Chairman Mark Tucker, who led the search for a new chief executive, said: "John has broad and deep banking experience across regions, businesses and functions.

"He has a great understanding and regard for HSBC's heritage, and the passion to build the bank for the next generation.

"Through the search process, John has developed with myself and the board a clear sense of the opportunities and priorities that lie ahead."

Mr Flint said he is "humbled by the responsibility" and excited by the opportunity to head HSBC.