Why HSBC Has Struggled to Fill One of the Biggest Jobs in Global Finance

LONDON—A year into its search for a new chairman, HSBC HSBA 0.88%increase; green up pointing triangle is still looking.

Europe’s biggest bank by assets tapped headhunters in late 2024 to find a replacement for Mark Tucker, who has since left to join Hong Kong insurer AIA. In a drawn-out recruitment process that has frustrated some candidates, HSBC’s board has struggled to agree on a successor, people familiar with the search said.