HSBC Chair Appointment Unlikely to Have Material Operational Impact -- Market Talk

Dow Jones12-04

2349 GMT - Brendan Nelson's appointment as group chair of HSBC is unlikely to have material impact on the bank's operations, says Morningstar. Equity analyst Kathy Chan says it won't be surprising for HSBC to replace Nelson, who is now 76, in the medium term. However, she doesn't see this as a key personnel risk, as she reckons the chair is more of a supervisory role, while CEO Georges Elhedery will continue to lead the group's operations and strategy execution. Morningstar keeps its forecasts for HSBC unchanged. "We think shares are fairly valued, but a share buyback resumption from the second half of 2026, after the completion of the Hang Seng Bank privatization, should support the share price," Chan says. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

December 03, 2025 18:49 ET (23:49 GMT)

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However, she doesn't see this as a key personnel risk, as she reckons the chair is more of a supervisory role, while CEO Georges Elhedery will continue to lead the group's operations and strategy execution. Morningstar keeps its forecasts for HSBC unchanged. \"We think shares are fairly valued, but a share buyback resumption from the second half of 2026, after the completion of the <a href=\"https://laohu8.com/S/00011\">Hang Seng Bank</a> privatization, should support the share price,\" Chan says. 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Equity analyst Kathy Chan says it won't be surprising for HSBC to replace Nelson, who is now 76, in the medium term. However, she doesn't see this as a key personnel risk, as she reckons the chair is more of a supervisory role, while CEO Georges Elhedery will continue to lead the group's operations and strategy execution. Morningstar keeps its forecasts for HSBC unchanged. \"We think shares are fairly valued, but a share buyback resumption from the second half of 2026, after the completion of the <a href=\"https://laohu8.com/S/00011\">Hang Seng Bank</a> privatization, should support the share price,\" Chan says. 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