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Highlights

  • Sir Mark Tucker to retire as HSBC Group Chair and leave the board on 30 September 2025.

  • Brendan Nelson appointed as interim Group Chair starting 1 October.

  • Tucker to return to AIA as Non-Executive Chairman, where he served as CEO from 2010–2017.

HSBC Holdings PLC (LSE:HSBA) has confirmed that Sir Mark Tucker will retire as Group Chair and step down from the board effective 30 September 2025. His departure marks the end of a significant chapter in the bank's leadership, following years of strategic repositioning and global restructuring under his guidance.

As part of the transition, Brendan Nelson has been appointed to serve as interim Group Chair beginning 1 October 2025. Nelson is currently a non-executive director and chair of HSBC’s audit committee. 

The search for a new permanent chair will be led by Senior Independent Director Ann Godbehere, who will oversee the selection process.

Coinciding with his retirement from HSBC, Sir Mark Tucker has been named the non-executive chairman of AIA Group Limited, a major Hong Kong-based insurance firm. His appointment at AIA will take effect 1 October 2025. Tucker previously served as CEO of AIA from 2010 to 2017, during which he led the company’s successful listing and expansion across the Asia-Pacific region.

To support a smooth leadership transition at HSBC, Tucker will continue in an advisory role as Strategic Adviser to HSBC CEO Georges Elhedery following his departure from the board.