Overview
- Lindberg, formerly NatWest’s head of retail banking, will start on December 8 and join HSBC’s group operating committee.
- He replaces Ian Stuart, who shifts to the newly created role of group customer and culture director following a handover.
- HSBC shares rose about 2% in early trading after the appointment was announced, recovering some of last week’s losses.
- The hire forms part of Elhedery’s broader restructuring that trims parts of Europe and the Americas while prioritising Asia and the Middle East.
- Recent steps include the sale of the French retail business to CCF and a reorganisation into four divisions, with HSBC UK remaining one of two home markets.