Mark Tucker, an ex-footballer, will return to Britain from Hong Kong to take up his job as HSBC’s chairman after leaving the Asian insurance company AIA Chan Long Hei/Pacific Press/Getty ImagesHSBC named Mark Tucker as its new chairman last night, ending a long search at Europe’s biggest bank and a far longer tradition of appointing an insider. The move means that the 59-year-old former head of Prudential is stepping down from his position as chief executive of AIA, the Asian insurance group, and from the board of Goldman Sachs to return to the UK. An announcement was made to the Hong Kong Stock Exchange, on which AIA is listed, to coincide with the market opening late last night. It is the first time that the bank has hired from outside for the role in its 151-year history. Mr Tucker replaces Douglas Flint, 61, who had started the hunt for a successor at HSBC a year…

Source: The Times March 13, 2017 00:04 UTC