The Straits Times
Published on Dec 03, 2012

HSBC names John Flint its new head of retail banking from Jan 1


LONDON (REUTERS) - HSBC said its strategy and planning boss John Flint is to take over as head of retail banking and wealth management (RBWM) next year to replace veteran banker Paul Thurston, who is retiring.

Europe's biggest bank said Mr Flint will become chief executive on Jan 1 of RBWM, one of the bank's four global businesses.

Previously known as personal financial services, RBWM has more than 50 million customers and made an operating profit of US$4.3 billion (S$ 5.2 billion) last year, a fifth of the group.

Mr Flint, 44, joined HSBC in 1989 and has worked in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and Britain. He has been head of strategy and planning and chief of staff to the CEO since the start of this year.