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HSBC shareholders fear succession plan thrown off-course

The replacement of Mr Flint (left) and Mr Gulliver (right) represents a big shift for HSBC. The pair have more than 55 years of service between them and have held several management roles with the company before rising to their current positions about six years ago.


SOME major shareholders in HSBC want the bank to give greater reassurance on succession planning for its chairman and chief executive, concerned that a timetable for replacing veterans Douglas Flint and Stuart Gulliver may be slipping.

Three of four top-20 shareholders...

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