HSBC Names Brendan Nelson Interim Group Chair

TL;DR

HSBC's new interim chair, Brendan Nelson, starts Oct 1st with a £1.5M annual fee.

AI Summary

HSBC Holdings plc announced on September 26, 2025, that Brendan Nelson will become Interim Group Chair starting October 1, 2025. He will receive an annual fee of £1.5 million, consistent with the Directors' Remuneration Policy approved by shareholders at the 2025 AGM, and will not receive additional fees for his other roles within the company.

Why It Matters

This leadership change at a major global bank like HSBC could signal shifts in strategy or governance, impacting investor confidence and market perception.

Risk Assessment

Risk Level: low — The filing is a routine announcement regarding a leadership succession, with terms clearly defined and aligned with existing policies.

Key Numbers

• £1.5m — Annual Fee (Brendan Nelson's compensation as Interim Group Chair.)

Key Players & Entities

• HSBC Holdings plc (company) — The company making the announcement.
• Brendan Nelson (person) — Appointed Interim Group Chair.
• £1.5m (dollar_amount) — Annual fee for the Interim Group Chair role.
• 2025 AGM (date) — The meeting where the Directors' Remuneration Policy was approved.
• 6 June 2025 (date) — Date of the company's prior announcement regarding this succession.

FAQ

Key Financial Figures

• $3,214b — tries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the wo

Filing Documents

• a9968a.htm (6-K) — 19KB
• 0001654954-25-011136.txt ( ) — 20KB

From the Filing

CHAIR SUCCESSION a9968a FORM 6-K   SECURITIES AND EXCHANGE COMMISSION   Washington, D.C. 20549       Report of Foreign Private Issuer   Pursuant to Rule 13a - 16 or 15d - 16 of   the Securities Exchange Act of 1934       For the month of September   HSBC Holdings plc   42nd Floor, 8 Canada Square, London E14 5HQ, England   (Indicate by check mark whether the registrant files or will file annual reports under   cover of Form 20-F or Form 40-F).   Form 20-F X Form 40-F       26 September 2025   HSBC HOLDINGS PLC   GROUP CHAIR SUCCESSION   HSBC Holdings plc ('HSBC' or the 'Company') today confirms that Brendan Nelson will assume the role of Interim Group Chair with effect from 1 October 2025.   As committed in the Company's announcement on 6 June 2025, the Company confirms that Brendan Nelson will receive a fee of £1.5m per annum in line with the Directors' Remuneration Policy approved by shareholders at the 2025 AGM. Brendan will receive no additional director fees during this period in respect of his other roles on the Company, and its subsidiary HSBC UK Bank plc, boards during his tenure as Interim Group Chair.   Brendan and Sir Mark Tucker, who will step down as Group Chairman and from the Board on 30 September 2025, have undertaken a thorough handover process, in line with regulatory requirements, over recent months to support a smooth transition of responsibilities.   The process to select the permanent HSBC Group Chair, led by Ann Godbehere, Senior Independent Director, is ongoing. The Company will provide further updates on this succession process in due course.   As previously announced, Sir Mark will remain as a strategic adviser to the Group CEO and the Board whilst the process to identify a permanent successor continues.   For and on behalf of HSBC Holdings plc   Aileen Taylor Company Secretary HSBC Holdings plc Registered Office and Group Head Office: 8 Canada Square, London E14 5HQ, United Kingdom Web:   www.hsbc.com Incorporated in England and Wales with limited liability. Registration number 617987.   Board of Directors   The Board of Directors of HSBC Holdings plc as at the date of this announcement comprises: Sir Mark Edward Tucker*, Georges Bahjat Elhedery, Geraldine Joyce Buckingham † , Rachel Duan † , Dame Carolyn Julie Fairbairn † , James Anthony Forese † , Ann Frances Godbehere † , Steven Craig Guggenheimer † , Manveen (Pam) Kaur, Dr José Antonio Meade Kuribreña † , Kalpana Jaisingh Morparia † , Eileen K Murray † , Brendan Robert Nelson †  and Swee Lian Teo † *  Non-executive Group Chairman †     Independent non-executive Director   HSBC Group   HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the world's largest banking and financial services organisations.   Media enquiries to:   Heidi Ashley          +44 (0) 7920 254057          heidi.ashley@hsbc.com   SIGNATURE   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.       HSBC Holdings plc       By:   Name: Aileen Taylor   Title: Group Company Secretary and Chief Governance Officer       Date: 26 September 2025

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View this 6-K filing on SEC EDGAR