Photo: Reuters

HSBC Holdings, headquartered in the UK, has reportedly engaged headhunters to initiate the search for its next chairman, succeeding Mark Tucker, according to Sky News. The London-listed, Asia-focused bank is considering both current non-executive directors and external candidates for the role, sources told Sky News. The bank has enlisted the services of headhunters, including MWM Consulting, to manage the recruitment process. HSBC Holdings has yet to respond to Reuters' request for comment. Tucker, who joined Europe's largest bank from Hong Kong-based insurer AIA in March 2017, broke with tradition by being an outsider chosen to replace veteran Douglas Flint.

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