Hints and tips:
...“I don’t think anyone pushes back on the strategy itself,” said Dan Fannon, an analyst at Jefferies. “It is something where they need to get more scale, particularly in wealth.”...
...Quinn and chair Mark Tucker are facing sustained pressure from HSBC’s largest shareholder, Chinese insurer Ping An, to split its Asian and western operations....
...Jefferies has hired Andrea Donzelli, Credit Suisse’s Italy chief, as vice-chair and country head, according to Bloomberg. Smart reads Fore!...
...Jefferies Financial Group has hired veteran investment banker David Biller from Citigroup to boost its presence in Asia, according to Bloomberg....
...Credit Suisse has named Oliver Tucker as head of wealth management investment banking UK coverage. He was previously a managing director at Nomura....
...“In 2020, we experienced economic and social upheaval on a scale unseen in living memory,” said Tucker....
...Mark Tucker and Noel Quinn, HSBC The duo atop HSBC have endured a chastening few years....
...Flint’s appointment coincided with a new chairman, Mark Tucker....
...Entitled “Global Banking & Markets: Rewards for Persistent Failure”, it is dated August 25 and addressed to HSBC’s new chief executive John Flint, chairman Mark Tucker and other board members....
...“One can see signs of Tucker in the plan’s ambition,” said Mr Dickerson at Jefferies....
...“We believe the cost jaws debate on this name can be put to rest,” said Joseph Dickerson, a banks analyst at Jefferies....
...Mizuho has hired John Tucker to lead industrials banking. Tucker joins from Citi, where he was most recently a managing director in its global industrials group....
...Joseph Dickerson, banks analyst at Jefferies, said: “Investors may question the acceleration of growth in HSBC’s Asian business at this point in the cycle, though the strategy plays to HSBC’s strengths and...
...Mark Tucker, the former head of insurer AIA, became the chairman of HSBC in October, taking over from Douglas Flint....
...In spite of the margin contraction, the value of new business still exceeded analysts’ expectations, according to Baron Nie at Jefferies, who said the consensus had been for growth of 21 per cent....
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