HSBC Appoints CEO of Ring-Fenced UK Unit

A senior executive with NatWest will join HSBC as the chief executive of its ring-fenced UK bank.

HSBC has appointed David Lindberg as CEO of its UK ring-fenced bank and member of the bank's group operating committee, according to a statement, effective December 8. He will replace Ian Stuart who will commence his previously announced role as group customer and culture director.

Lindberg has 27 years of financial services experience, most recently as CEO of retail banking at NatWest Group. Prior to joining NatWest in 2020, he held senior leadership positions at Westpac, Commonwealth Bank of Australia and ANZ.

«I am delighted that David is joining HSBC to lead our UK business. As one of our two home markets, the UK is core to our foundational strength as a Group. David brings with him an impressive focus on the customer, deep international experience and a clear vision for the future as we invest in innovation to grow our business and put our customers at the heart of everything we do,» commented HSBC CEO Georges Elhedery.