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Mark Tucker (businessman)

From Wikipedia, the free encyclopedia
English businessman (born 1957)

Sir
Mark Tucker
Chairman ofHSBC
In office
1 October 2017 – 1 October 2025
Preceded byDouglas Flint
Succeeded byBrendan Nelson(interim)
Board ChairmanTheCityUK
Assumed office
1 June 2019
Preceded byJohn McFarlane
President of theAIA Group Limited
In office
1 January 2011 – 1 June 2017
Succeeded byNg Keng Hooi
Chairman of theAIA Group Limited
In office
12 October 2010 – 1 January 2011
Succeeded byEdmund Tse
CEO of theAIA Group Limited
In office
12 October 2010 – 1 June 2017
Succeeded byNg Keng Hooi
CEO of thePrudential plc
In office
2005–2009
Succeeded byTidjane Cheick Thiam
Personal details
Born (1957-12-29)29 December 1957 (age 67)
Alma materUniversity of Leeds
OccupationGroup Chairman

Sir Mark Edward Tucker (born 29 December 1957) is an English businessman, best known for his various roles atPrudential plc, where he was the CEO until September 2009.[1]

Early life

[edit]

Mark Tucker started adult life as a trainee professional footballer, making appearances forWolverhampton Wanderers,Rochdale andBarnet, although he never played a first team match.[2]

Career

[edit]

After retiring from professional football, Tucker studiedBusiness Management at theUniversity of Leeds. He then qualified as an accountant atPricewaterhouseCoopers.[2]

He joinedPrudential plc in 1986, initially working for Prudential Portfolio Managers.[2] He progressed through various roles in the UK, Hong Kong, and the US, where he was a senior vice president atJackson National Life from 1992 to 1993.[2] He was appointed chief executive of Prudential Corporation Asia and an executive director of Prudential plc, but left the group in May 2004 after growing frustrated at the lack of upward opportunity at Prudential to joinHBOS as finance director.[2]

Following Jonathan Bloomer's ousting as CEO of Prudential in early 2005, due to bungled attempts to merge withAmerican General and sell offEgg, Tucker rejoined Prudential in March 2005 as CEO.[2] In March 2009 it was announced he will step down at the end of September 2009, Tucker stating he had achieved all that he wanted to achieve in the role and the decision to leave was "entirely personal".[3] He does not intend to retire, stating "There’s at least one more big job in me".[1] Tucker is a member of the board of directors ofGoldman Sachs.[4] He served as the CEO and president of Asian focus insurerAIA Group from June 2009 to September 2017, where he successfully led the former Asian assurance arm of New York-basedAmerican International Group (AIG) for an IPO on theHong Kong Stock Exchange in October 2010. It raised approximately HK$159.08 billion (US$20.51 billion), the world's third largest IPO ever.[5]

Tucker was appointed to the board as a non-executive director and group chairman-designate ofHSBC on 1 September 2017. He became non-executive group chairman on 1 October 2017, succeeding executive chairmanDouglas Flint, who retired.[6]

In June 2019, Tucker was appointed board chairman of the private-sector membership body and industry advocacy groupTheCityUK, succeedingJohn McFarlane.[7]

In February 2023, he was named a member of theMcKinsey & Company External Advisory Group.[8]

Personal life

[edit]

Tucker lives in New York with his wife, Janet, and two children, as of November 2022.[9] During Tucker's time with AIA, the company becamePremier League teamTottenham Hotspur's shirt main sponsor.[10][11] He wasknighted in the2024 King's Birthday Honours "for services to the economy".[12]

References

[edit]
  1. ^abJones, Adam (19 March 2009),"Tucker to leave Prudential",Financial Times, retrieved19 March 2009 | HSBC Chairman
  2. ^abcdefReece, Damian (20 August 2007)."Mark Tucker: Steering a safe course at the Pru".The Daily Telegraph. London. Retrieved28 August 2007.[dead link]
  3. ^Felsted, Andrea (19 March 2009),"Pru's new chief Tidjane Thiam seen as 'bold' choice",Financial Times, retrieved19 March 2009
  4. ^"Goldman Sachs – Leadership – Board of Directors".Goldman Sachs. Retrieved8 August 2013.
  5. ^"AIA's successful listing on the Hong Kong Stock Exchange"(PDF). 19 October 2010. Archived fromthe original(PDF) on 4 March 2016.
  6. ^Brinded, Lianna (13 March 2017)."Who is Mark Tucker, HSBC's new incoming chairman?". Business Insider UK. Retrieved3 October 2017.
  7. ^"TheCityUK appoints Mark Tucker as Chairman of its Board". TheCityUK. 11 February 2019. Retrieved11 June 2019.
  8. ^"External Advisory Group | McKinsey & Company".www.mckinsey.com. Retrieved13 February 2023.
  9. ^Shah, Oliver (13 November 2022)."Inside Mark Tucker's battle to reshape HSBC — and fight off activist Ping An".www.thetimes.com. Retrieved20 March 2025.
  10. ^"What you need to know about Mark Tucker, the newly confirmed chairman of HSBC and former man from the Pru".City AM. 12 March 2017. Retrieved20 March 2025.
  11. ^Standard, The."Tucker gave up football dream for business".The Standard. Retrieved20 March 2025.
  12. ^"No. 64423".The London Gazette (Supplement). 15 June 2024. p. B2.
Business positions
Preceded by
Douglas Flint (As Executive Group Chairman)
Group Chairman ofHSBC
2017 – Present
Succeeded by
Incumbent
Chairmen, chief managers & chief executives ofHSBC &HSBC (Hong Kong)
Group chairmen
(since 1991)
Group chief executives
(since 1986)
Chairmen
(since 1865)
Chief managers
(1868–1986)
Origin
The logo of HSBC
Board of directors
Brands
Principal local banks
Subsidiary banks
Minority stakes and JVs
Predecessor companies
Former local banks
Former subsidiaries
Scandals
Founders
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executives
Current
Former
Divisions
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Others


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