"It also highlights a renewed focus on risk and compliance after HSBC recently got itself in hot water with regulators. New CEOIn choosing the next chief executive, Tucker will first have to decide whether to promote one of the lender's existing senior executives or select an outsider like himself. For his efforts, Tucker will receive an annual fee of 1.5 million pounds ($1.83 million) in addition to standard benefits, HSBC said. Among external candidates, Lloyds Banking Group Chief Executive Antonio Horta-Osorio is the name most frequently cited by investors. In a separate statement, AIA said Ng Keng Hooi, its regional chief executive, will succeed Tucker from Sept. 1.

Source: bd News24 March 13, 2017 06:47 UTC