Xin Lang Cai Jing·2025-06-08 02:37Group 1 - HSBC Holdings announced the succession plan for its chairman, with Mark Tucker set to retire on September 30, 2025, and David L Libbert appointed as interim chairman pending regulatory approval [2][5] - During the transition, Tucker will continue as Group CEO and board strategy advisor to ensure a smooth handover [5] - Libbert's appointment comes amid ongoing strategic controversies regarding HSBC's resource allocation, particularly the perceived "Asian blood transfusion to the West" model, which has frustrated major shareholders [7][8] Group 2 - The core challenge for HSBC's new leadership will be to address shareholder concerns and optimize global capital allocation strategies, particularly the structural imbalance between high profits in Asia and low returns in the West [8][9] - The debate over whether to spin off Asian operations or undertake a more thorough restructuring has persisted for 13 years, intensifying in recent years [7][8] - Tucker's departure marks the end of an era, and Libbert's primary task will be to stabilize the board and support the selection of a new chairman [8]