As HSBC (HKG:0005) begins the tenure of Chairman Brendan Nelson, his predecessor, Mark Tucker, will remain in an advisory role for longer than previously planned, Bloomberg News reported, citing people familiar with the matter.
Tucker's contract has been extended, and he will continue advising the chief executive and the board on specific matters, according to the report.
The news agency has cited an HSBC spokesperson as saying that Tucker "remains an adviser to the HSBC board and group CEO in line with all appropriate governance and disclosure requirements."
HSBC had earlier indicated that Tucker would step down once a permanent chair was appointed, the report added.
In a September statement, the bank said he would remain a strategic adviser during the succession process. Nelson was confirmed as chairman in December 2025.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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