HSBC's next CEO likely will depend on risk-management skills

09/28/2010 | Bloomberg

Stuart Gulliver, HSBC's incoming CEO, is a veteran of the bank who has worked his way up the ranks, focusing on risk management along the way. He likely will rely on those skills to reassure wary investors about HSBC's shake-up of senior management, including the departures of Chairman Stephen Green and CEO Michael Geoghegan. "You should not expect a significant change," Gulliver said. "It's important to take away from this that the processes that Mike has started and Stephen has started I will continue."

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