Lates News

HSBC Holdings announced on September 26th that Steven Libby will assume the role of interim Group Chairman starting from October 1st, 2025. Libby will receive an annual remuneration of 1.5 million pounds in accordance with the director remuneration policy approved by shareholders at the 2025 annual general meeting. During his tenure as interim Group Chairman, Libby will not receive additional director fees for his other roles on the board of directors of the company and its subsidiary HSBC UK Bank plc. Sir Douglas Kakei, who will retire as Group Chairman and board member on September 30th, 2025, has been undergoing a thorough handover process in compliance with regulatory requirements in recent months to ensure a smooth transition of responsibilities. The selection process for the permanent HSBC Group Chairman, led by Senior Independent Director Jonathan Low Quek, is currently underway.