HSBC Holdings plc (NYSE:ADR), the world's fifth largest bank by total assets, has appointed David Nish as its newest independent non-executive director, who is to begin his appointment on May 1, 2016, according to a recent regulatory filing.
The latest move at HSBC will see Mr. Nish assist the company as a non-executive director as well as being added to its Group Audit Committee. His appointment comes on the heels of a number of directorships and stints across a multitude of companies and industries over a lengthy career.
His appointment is pegged at an initial three-year term that is subject to re-election by shareholders only in 2017 – his appointment will ultimately expire at the conclusion of the 2020 Annual General Meeting.
At the present, Mr. Nish also serves as a non-executive director of Vodafone plc, London Stock Exchange Group plc (LSEG), and UK Green Investment Bank plc. His most recent position was at Standard Life plc, having worked as its Chief Executive Officer (CEO) and Group Finance Director for nearly a decade.
According to, HSBC Group Chairman Douglas Flint in a recent statement on the appointment: "David brings considerable relevant experience in financial services as well as in financial accounting and reporting. His tenure at Standard Life was marked by business transformation delivering value creation, a combination, which HSBC is similarly targeting from its current strategy.”
“David also has a wide-ranging understanding of all aspects of corporate governance which will further enhance the contribution he can make to the Board,” he added.
