HSBC Holdings confirmed that Brendan Nelson will take over the position of the temporary group chair on October 1, 2025, following the departure of Sir Mark Taker, who stepped down after more than six years in this role.
Nelson, who is currently working in the HSBC Holdings and HSBC UK Bank councils, will receive annual fees of 1.5 million pounds in line with the company’s credit policy at the annual general meeting 2025.
He will not receive any additional manager during his temporary term.
The bank said that Nelson and Sir Mark “have done a comprehensive delivery process, in line with the regulatory requirements, in recent months to support the smooth transition of responsibilities.”
The search for a permanent collective chair, led by Ann Godper, an independent director of HSBC. The company said that other updates will be provided about the caliphate in a timely manner.
Sir Mark will remain a participant with the bank as a strategic advisor to the Chairman of the Group CEO Noel Quinn and the Board of Directors until a permanent successor is appointed.
Nelson, former Chairman of the Financial Reports and KPMG partner for a long time, has been working on the HSBC board since 2018.
HSBC said that the leadership of the leadership confirms its commitment to continuity and stability while searching for a long -term successor.