HSBC's Flint Likely Chairman Candidate

Douglas Flint, finance director of HSBC, is emerging as the likely candidate to replace Stephen Green as chairman of the bank, a report says.
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LONDON (

TheStreet

) -- Douglas Flint, finance director of

HSBC

(HBC)

, is emerging as the likely candidate to replace Stephen Green as chairman of the bank, a report says.

Flint is a serious contender for chairman

after the board found it difficult to choose between Michael Geoghegan, the bank's CEO, and John Thornton, the former

Goldman Sachs

banker and non-executive director of HSBC, the

Financial Times

reports, citing people close to the bank's board.

The newspaper reported Wednesday that Geoghegan threatened to quit following an indication from board members that Thornton might be given the job. HSBC denied the CEO had threatened to resign over not being given the chairman's role, describing such talk as "nonsense."

However, the

Financial Times

reports, three people close to the HSBC board said it was looking increasingly likely that a compromise candidate would be appointed chairman, allowing Geoghegan to remain as its Hong Kong-based CEO.

Green announced two weeks ago that he would step down as HSBC chairman and become U.K. trade minister.

-- Written by Joseph Woelfel

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Joseph Woelfel

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