HSBC UK expected to name former London Stock Exchange boss as chair
Dame Clara Furse is close to being named chair of HSBC UK, the new ring-fenced retail bank, it has emerged.
The former chief executive of the London Stock Exchange Group could be appointed as early as tomorrow, Sky News first reported.
As part of the move – which would be subject to regulatory approval – she would have to step down as a member of the Bank of England’s Financial Policy Committee.
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HSBC UK, created under regulatory reforms to be introduced in 2019, will comprise the retail banking and wealth management, commercial ban king and global private banking operators.
Furse was chief executive of the LSE between January 2001 and May 2009.
During this period, she was also non-executive director of Euroclear, LCH Clearnet, Fortis SA and a member of the Shanghai International Financial Advisory Council.
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Between 2009 and 2013, she was a non-executive director of Legal & General.
Furse joined the Bank’s FPC in April 2013.
HSBC declined to comment.