HSBC Surprise: Bank Names Brendan Nelson as New Chair to Replace Mark Tucker

HSBC has appointed Brendan Nelson as its new chair or its next chair, replacing financier Mark Tucker, who has led Europe's largest lender for much of the last decade. He takes the reins as CEO George L. Henry pushes through a massive overhaul of HSBC that seen the bank reorganise into four new divisions.Let's get some perspective on what this means. Managing editor for India Finance Tom Metcalfe joins us on set right now. So what does this mean.Good morning, Tom. What does this mean that they've chosen thi ...