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UK Regulators Urge HSBC HOLDINGS to Quickly Finalize Chairman Candidate: Wire
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HSBC HOLDINGS (00005.HK)'s Chairman, Mark Tucker, resigned today (30th), but the Group has yet to decide on a successor, causing market unease, according to the Financial Times. Both current and former HSBC HOLDINGS executives considered the vacancy in the chairman position to be highly unusual, and UK regulators also urged the bank to promptly determine a candidate. HSBC HOLDINGS responded that the recruitment process for the chairman is underway, and more information will be announced later. However, sources said that the recruitment process has been lackluster, with headhunting firms initially proposing only a few reliable candidates. AASTOCKS Financial News Website: www.aastocks.com |
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