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Paul Thurston to retire as group managing director at HSBC

Staff writer |
Hong Kong, China - December 3, 2012, Hong Kong, China - HSBC Holdings announced that Paul Thurston will retire as a group managing director and CEO of Retail Banking and Wealth Management (RBWM).

Mr. Thurston started his career at HSBC in 1975 in the United Kingdom, where he worked in a range of roles. Thurston moved to Hong Kong in 2000 to lead retail banking in the territory and was appointed a Group General Manager in 2003 when he took up responsibility for retail banking across the Asia-Pacific region. In 2007, he was appointed CEO of HSBC Mexico and later that year co-head of the Latin American region.

Mr. Thurston joined the Group Management Board in 2008 when HSBC makes senior management appointments he returned to London to take up the role of Managing Director of UK Banking. He was appointed CEO of HSBC Bank plc in April 2009 and took up his current role as CEO of RBWM in March 2011.

The company also announced that John Flint is appointed a group managing director and will succeed Mr. Thurston as chief executive of RBWM.

Mr. Flint joined HSBC in 1989 and has worked in Hong Kong, Singapore, Indonesia, Thailand, India, Bahrain, the United States and the UK. He spent the first 14 years of his career with HSBC in Asia helping to establish and expand the Global Markets business in the region before moving back to the UK in 2004. He was appointed Group Treasurer in 2006 and in 2008 added the roles of Deputy Head of Global Markets and Head of Global Markets, Europe, Middle East and Africa.

Mr. Flint was appointed Chief Executive of HSBC Global Asset Management in 2010 and a Group General Manager in 2011. He took up his current role at the beginning of 2012.

The company also announced that Guilherme Lima will succeed Mr. Flint as group head of strategy and planning and chief of staff to the group chief executive.

Mr. Lima joined HSBC in 2010 as Group Head of Strategy from McKinsey & Co., where he was a partner. He has worked in the UK and Hong Kong for HSBC, and in Brazil, Mexico, the United States, Spain and the Netherlands for McKinsey.


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