Bond Era With HSBC To Be Over
By Huraizah Ahmad

Bandar Seri Begawan - Sir John Bond, 64, the Group Chairman of Hongkong and Shanghai Banking Corporation (HSBC) Holdings Plc since 1998, will retire on May 20, 2006 at the Annual General Meeting after 45 years service.

Sir Bond will be succeeded by Stephen Green, 57, currently the Group Chief Executive, who joined HSBC in 1982.

Sir Bond joined HSBC Ltd in 1961, working in Asia for 25 years and the USA for four years, before coming to London in 1993. He became an Executive Director of HSBC in 1988.

In 1990, he moved to Hong Kong and assumed responsibility for commercial banking operations.

He returned to the USA in 1991 as President and Chief Executive Officer of

HSBC USA Inc, a wholly owned subsidiary of HSBC Holdings.

Sir Bond became Group Chief Executive ofHSBC Holdings on January 1, 1993 then elected Group Chairman on 29 May 1998.

Green meanwhile will be succeeded as Group Chief Executive by Michael Geoghegan, 52, who joined HSBC in 1973 and is currently Chief Executive of HSBC Bank Plc, the principal subsidiary in the UK.

These appointments have the unanimous support of the Directors and were made after consultation with representatives of major institutional investors and an explanation of the succession planning and independent external search processes.

Geoghegan will be succeeded as Chief Executive of HSBC Bank Plc, subject to necessary approvals, by Dyfrig John, 55, who joined HSBC in 1971 and is currently the its Deputy Chief Executive.  -- Courtesy of Borneo Bulletin

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