Why is it so hard to replace HSBC’s Mark Tucker?
The years of a FTSE 100 chairmanship being a nice way to avoid boredom in semi-retirement are long gone
The years of a FTSE 100 chairmanship being a nice way to avoid boredom in semi-retirement are long gone

The bank scoured the globe for candidates only to choose the person already doing the job on an interim basis

Bank’s board still riven over a replacement for Mark Tucker, 15 years after similar succession saga

Bank’s leadership differs on who has necessary finance experience and Asia knowledge

A chaotic seven-month search cast the net wide but ended with Mark Tucker’s interim replacement

Hiring star bankers and letting them bring their own posse has had mixed results

Scrapping of international manager programme comes despite need for long-term employees schooled in bank’s culture