Finance
HSBC hires banking veteran David Lindberg to lead its UK business
Published by Global Banking & Finance Review®
Posted on October 21, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 21, 2025
1 min readLast updated: January 21, 2026
HSBC appoints David Lindberg as UK CEO, enhancing leadership with his extensive banking experience. Shares rose nearly 1% after the news.
(Reuters) -HSBC said on Tuesday that it has appointed former NatWest executive David Lindberg as CEO of its UK business, months after the British banking group initiated a search to lead its ring-fenced division.
Lindberg, set to begin his new role from December 8, has previously held positions in major Australian banks such as the Commonwealth Bank of Australia, ANZ Group, and Westpac.
Most recently, he headed the Retail Banking division at British lender NatWest before stepping down earlier this year.
In March, HSBC kicked off the process to find a new CEO for its UK business after appointing Ian Stuart to a newly created role in charge of customer engagement and culture.
The Asia-focused lender has been divesting some of its businesses under CEO Georges Elhedery as it attempts to trim costs and simplify its sprawling operations.
Shares of HSBC were up nearly 1% ahead of lunch break.
(Reporting by Rajasik Mukherjee & Disha Mishra in Bengaluru; Editing by Sherry Jacob-Phillips)
A CEO, or Chief Executive Officer, is the highest-ranking executive in a company, responsible for making major corporate decisions and managing the overall operations and resources of the organization.
Retail banking refers to the services provided by banks to individual consumers, including savings accounts, personal loans, mortgages, and other financial products aimed at the general public.
A ring-fenced division is a part of a bank that is legally separated from the rest of the bank's operations to protect customer deposits and ensure financial stability.
Market reaction refers to how investors and traders respond to news or events that may affect the value of a company's stock or the overall market.
Cost trimming in banking involves reducing expenses to improve profitability, often through measures like divesting non-core businesses or streamlining operations.
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