HSBC has appointed David Lindberg as the new chief executive of its UK bank, marking a strategic move aimed at strengthening its core home market.
“HSBC Holdings plc today announces that David Lindberg has been appointed as CEO of HSBC UK Bank plc, the Company’s UK ring-fenced bank, upon receipt of regulatory approval,” the banking giant said in a statement.
Ring-fencing means that core retail banking services are separate from risky investment banking activities.
Lindberg is a veteran of the banking sector with a career spanning over 27 years in financial services, most recently as CEO of Retail Banking at NatWest Group. Prior to joining NatWest in 2020, he held senior leadership positions at Westpac, The Commonwealth Bank of Australia and ANZ.
