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

Group 1 - HSBC has appointed Brendan Nelson as its new chair, replacing Mark Tucker, who has led the bank for much of the last decade [1][5] - The appointment reflects a shift back to internal candidates, as external searches did not yield suitable options [3][5] - The dynamic between the new chairman and CEO George L. Henry is expected to be more low-profile compared to the previous chairman [4][5] Group 2 - Brendan Nelson is not expected to serve as long as Mark Tucker, indicating a potential interim period for the chairmanship [5][6] - The bank will continue its search for a permanent replacement while Nelson serves in the role [6][7] - The board may take more time for an extensive search without the pressure of immediate replacement [7][8]