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The president of HSBC has been named to the same role in the pressure group representing the interests of the city, while London is fighting to retain its position as the leading European financial center after Brexit.
Mark Tucker, who became chairman of the British Bank Group in September 2017, was appointed chairman of TheCityUK's board of directors on February 11.
Tucker will replace John McFarlane, president of Barclays, who is expected to step down from the lobbying group in May.
Tucker has more than 30 years of experience in the financial industry, primarily in Asia, and has made a name for himself in the insurance industry. Most recently, he was Managing Director and President of AIA in Hong Kong and oversaw his $ 17.9 billion IPO in 2010.
TheCityUK defends both the reputation and status of London as a financial center, created in the aftermath of the 2008 financial crisis, as the climate for the sector deteriorated.
While the UK is facing the prospect of leaving the European Union without an agreement, Tucker plays this role at a crucial time for the city.
"We are living through a period of transformation driven by the evolution of international relations and technology and we must work together to secure the future of the UK's international competitiveness," he said in a statement. a press release announcing his appointment.
McFarlane said the body has played a "critical role" in recent years. "He brought the industry together on critical issues such as Brexit, its future skills and its talent needs [and] the value of our growing regional and national financial centers, "he said.
To contact the author of this story with comments or news, send an email to Paul Clarke
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