HSBC appoints David Nish as Senior Independent Director

Maria Nikolova

Mr Nish will succeed Sir Jonathan Symonds to the positions of Senior Independent Director and Chairman of the Group Audit Committee.

London

HSBC Holdings plc (LON:HSBA) today unveiled Board changes, as David Nish will succeed Sir Jonathan Symonds to the positions of Senior Independent Director and Chairman of the Group Audit Committee. Mr Nish will also become a member of the Group Risk Committee with effect from February 18, 2020.

David Nish

David Nish was appointed to the Board of HSBC on May 1, 2016.

Mr Nish served as Group Chief Executive Officer of the global life insurance and asset management group, Standard Life plc, between 2010 and 2015. He joined the business in 2006 as Group Finance Director and his responsibilities included strategy and risk management. He has previously worked at Scottish Power plc, the global energy group, where he was Group Finance Director, and at Price Waterhouse, where he was a partner in audit and transactions support covering a number of sectors including financial services.

Previously, Mr Nish was non-executive Director of HDFC Life (India), Northern Foods plc, Thus plc, Royal Scottish National Orchestra and UK Green Investment Bank plc. He was also formerly Deputy Chairman of the Association of British Insurers, a member of the City UK Board Advisory Committee and the Financial Services Advisory Board of the Scottish Government.

HSBC’s Group Chairman, Mark Tucker, said:

“I am delighted that David has agreed to take up the Senior Independent Director and Group Audit Committee Chairman roles. He has been a Director of the Company since May 2016 and is a member of the Group Audit Committee and Group Remuneration Committee. His extensive Board experience in financial services, corporate governance and financial reporting place him extremely well to assume these roles. I look forward to working more closely with David in 2020 and beyond.”

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