HSBC Board Divided in Search for Next Chairman

The board of HSBC is struggling to agree on a successor for its chairman, Mark Tucker. Directors are reportedly split over which candidates possess the right mix of financial expertise and knowledge of Asia. This debate highlights the bank's complex position. HSBC is a global institution headquartered in London, but it makes the bulk of its profits in Asian markets. Finding a leader who can effectively manage both the international finance and key Asian relationships is a critical challenge. The disagreement within the board could potentially delay the final selection of a new chairman.