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Under Brendan Nelson, KPMG's financial-services practice faced scrutiny in the wake of U.K. lender bailouts.

HSBC Holdings PLC (LSE:HSBA) has confirmed Brendan Nelson as its new group chair, following a search that looked at candidates both inside and outside the bank. Nelson has been serving in the role on an interim basis since 1 October and joined the board in 2023.

Brendan Nelson joined the board in September 2023 and has been serving as interim group chair since Oct. 1.

HSBC Holdings named Brendan Nelson as its new chairman on Wednesday, replacing Mark Tucker, in a return to appointing the head of its board from within its ranks.

NEW YORK--(BUSINESS WIRE)--HSBC Bank USA announced today that it has allocated nearly $4 million for philanthropic causes to eight national and local non-profit organizations that are creating resilient employment pathways and healthier urban environments. The bank's philanthropic strategy prioritizes two intertwined approaches: Job training and workforce readiness: supporting adults from low-a...

HSBC's interim chairman Brendan Nelson has confirmed he is not seeking the role on a permanent basis, the bank's Chief Executive Georges Elhedery told an event in London on Tuesday amid a protracted search for the lender's next chair.

The role is one of the most demanding in world finance, with the bank acting as a financial bridge between the East and West.

HSBC said on Monday it had signed a multi-year deal with French start-up Mistral AI to integrate generative artificial intelligence tools across the bank, aiming to speed up automation, lift productivity, and enhance client services.