HSBC Names Brendan Nelson Chairman After Yearlong Search

Benzinga

HSBC named Brendan Nelson as chairman after a yearlong search, elevating the former KPMG partner who has served as interim chair since October. He takes on one of global finance’s most politically sensitive roles as HSBC restructures under CEO Georges Elhedery. Nelson’s background includes senior posts at BP and RBS and leadership of KPMG’s global financial-services practice.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03HSBC appointed Brendan Nelson as chairman after a year-long search to replace Mark Tucker,

00:07according to CNBC. Nelson, a former KPMG partner who joined HSBC's board in 2023,

00:14had been serving as interim chairman since October 1st. The role is among the toughest

00:19in global finance, requiring influence across Beijing, London, and Washington as the bank

00:23navigates geopolitical pressure. HSBC is undergoing a restructuring under CEO Georges Elhederi,

00:30who began cutting staff and reorganizing divisions after taking over in the fall of 2024.

00:35Nelson previously led KPMG's global financial services practice

00:38and served on the boards of BP and Royal Bank of Scotland.

00:42For all things money, visit Benzinga.com.

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