HSBC chair exit rattles markets and raises stability concerns

Mark Tucker’s planned exit as HSBC chair has sparked fresh market jitters, reigniting questions about the bank’s future direction. The run-up to Tucker’s exit has been marked by uncertainty, with HSBC scrambling to find a successor. Its search for a suitable replacement kicked off in May, but with Brendan Nelson set to take over on an interim basis from October 1, the bank appears far from finalizing a permanent appointment.