By Tapan Panchal
LONDON--HSBC Holdings PLC (HSBC) on Friday appointed Jonathan
Symonds, former chief financial officer of Novartis AG (NOVN.VX),
as chairman of its European retail banking unit HSBC Bank PLC.
Mr. Symonds was chief financial officer of Novartis from 2009 to
2013.
The U.K. banking and financial services company said Mr. Symonds
will also be appointed an independent non-executive director of
HSBC Holdings from April 14. He will become a member of the group
remuneration committee, and the conduct and values committee.
The company said Mr. Symonds's appointment will be for an
initial three-year term which, subject to re-election by
shareholders, will expire at the conclusion of the 2017 annual
general meeting.
At 1501 GMT, shares of HSBC Holdings were up 2 pence, or 0.3%,
at 599 pence, valuing the company at 112.46 billion pounds ($187.26
billion).
Write to Tapan Panchal at tapan.panchal@wsj.com
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