HSBC Holdings Plc today confirmed that Brendan Nelson will take on the role of the temporary chair chair with power from October 1, 2025.
According to the company’s announcement on June 6, 2025, HSBC confirms that Brendan Nelson will receive a fee of £ 1.5m a year in accordance with the remuneration policy of directors approved by the shareholders of AGM 2025. HSBC UK Bank Plc, Boards during his term of office as a temporary chairman of the team.
Brendan Nelson and Sir Mark Tucker, who will resign as chairman of the team and the Board of Directors on September 30, 2025, have undertaken a detailed delivery process, according to regulatory claims, in recent months to support a smooth transition of responsibility.
The process for choosing the permanent HSBC team chair, led by Ann Godbehehere, a senior independent manager, continues. HSBC will provide further updates on this succession process at a timely time.
As previously announced, Sir Mark will remain as a strategic adviser to the team of the team and the Board of Directors, while the process of identifying a permanent successor continues.
Mr Nelson spent more than 25 years on KPMG LLP after being accepted as a partner in 1984, served on the KPMG UK board since 2000 and became Vice President in 2006, a position he held until his retirement from KPMG in 2010.
He has previously worked as a non -executive director on the Boards of BP PLC and Natwest Group PLC and some of its subsidiaries. He also previously served as an independent non -executive director and chairman of the Ulster Bank Ireland Dac Audit Committee.
Mr Nelson is a specialized accountant. He was previously a member of the Financial Services Committee, the Committee for Review of Financial Reports of the United Kingdom Financial Information Council and was chairman of the Scottish Institute from 2013 to 2020.