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HSBC names veteran accountant Brendan Nelson new chairman amid Asia growth push

  • Brendan Nelson has been appointed group chair of HSBC, as announced by the bank.
  • Nelson has been acting as interim chair since October and joined HSBC's board in 2023, according to the company.
  • Sir Mark Tucker stepped down as chair in September to join AIA and ended his eight-year tenure at HSBC.
  • HSBC is undergoing a major overhaul to cut costs by $1.5 billion by the end of next year.
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Times of India broke the news in India on Wednesday, December 3, 2025.
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