Mark Edward Tucker (born 29 December 1957) is an English businessman, best known for his various roles at
Prudential plc
Prudential plc is a British Multinational corporation, multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.
Prudential has dual primary list ...
, where he was the CEO until September 2009.
He currently serves as group chairman of
HSBC Holdings plc
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...
.
Early life
Mark Tucker started adult life as a trainee professional footballer, making appearances for
Wolverhampton Wanderers
Wolverhampton Wanderers Football Club (), commonly known as Wolves, is a professional football club based in Wolverhampton, England, which compete in the . The club has played at Molineux Stadium since moving from Dudley Road in 1889. The club's ...
,
Rochdale
Rochdale ( ) is a large town in Greater Manchester, England, at the foothills of the South Pennines in the dale on the River Roch, northwest of Oldham and northeast of Manchester. It is the administrative centre of the Metropolitan Borough ...
and
Barnet
Barnet may refer to:
People
*Barnet (surname)
* Barnet (given name)
Places United Kingdom
*Chipping Barnet or High Barnet, commonly known as Barnet, one of three focal towns of the borough below.
*East Barnet, a district of the borough below; an ...
, although he never played a first team match.
Career History
After retiring from professional football, Tucker studied
Business Management
Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...
at the
University of Leeds
, mottoeng = And knowledge will be increased
, established = 1831 – Leeds School of Medicine1874 – Yorkshire College of Science1884 - Yorkshire College1887 – affiliated to the federal Victoria University1904 – University of Leeds
, ...
. He then qualified as an accountant at
PricewaterhouseCoopers
PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...
.
He joined
Prudential plc
Prudential plc is a British Multinational corporation, multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.
Prudential has dual primary list ...
in 1986, initially working for Prudential Portfolio Managers.
He progressed through various roles in the UK, Hong Kong, and the US, where he was a senior vice president at
Jackson National Life
Jackson National Life Insurance Company (often referred to as simply Jackson) is a U.S. company that provides annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specia ...
from 1992 to 1993.
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 join
HBOS
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Bank ...
as finance director.
Following Jonathan Bloomer's ousting as CEO of Prudential in early 2005, due to bungled attempts to merge with
American General
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...
and sell off
Egg
An egg is an organic vessel grown by an animal to carry a possibly fertilized egg cell (a zygote) and to incubate from it an embryo within the egg until the embryo has become an animal fetus that can survive on its own, at which point the a ...
, Tucker rejoined Prudential in March 2005 as CEO.
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".
He does not intend to retire, stating "There’s at least one more big job in me".
Tucker is a member of the Board of Directors of
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
.
He served as the CEO and president of Asian focus insurer
AIA Group
AIA Group Limited, often known as AIA (), is a Hong Kong-based American multinational insurance and finance corporation. It is the largest public listed life insurance and securities group in Asia-Pacific. It offers insurance and financial ser ...
from June 2009 to September 2017, where he successfully led the former Asian assurance arm of New York-based
American International Group
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...
(AIG) for an IPO on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
in October 2010. It raised approximately HK$159.08 billion (US$20.51 billion), the world's third largest IPO ever.
Mark Tucker was appointed to the board as a non-executive director and group chairman-designate of
HSBC Holdings plc
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...
on 1 September 2017. He became non-executive group chairman on 1 October 2017, succeeding executive chairman
Douglas Flint
Sir Douglas Jardine Flint, (born 8 July 1955) is a British banker and former Group Chairman of HSBC Holdings. He served from 2011 to 2017, having previously been Group Finance Director since 1995. He currently serves as chairman of Standard Lif ...
, who retired.
In June 2019, Mark Tucker was appointed board chairman of the private-sector membership body and industry advocacy group
TheCityUK
TheCityUK is a private-sector membership body and industry advocacy group promoting the financial services, financial and related professional services industry of the United Kingdom (UK). TheCityUK is often referred to as the industry's "most po ...
, succeeding
John McFarlane
John McFarlane OBE (born 14 June 1947) is a British businessman. He served as Group Chairman of Barclays from 2015 to 2019.
Early life
He was born in Dumfries and attended Dumfries Academy. He was educated at the University of Edinburgh, Cra ...
.
Personal life
Tucker is married with one son and one daughter. During Tucker's time with AIA, the company became
Premier League
The Premier League (legal name: The Football Association Premier League Limited) is the highest level of the men's English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Foo ...
team
Tottenham Hotspur
Tottenham Hotspur Football Club, commonly referred to as Tottenham () or Spurs, is a professional association football, football club based in Tottenham, London, England. It competes in the Premier League, the top flight of English footba ...
's shirt main sponsor.
References
1957 births
Living people
British chairpersons of corporations
Chairmen of HSBC
Prudential plc people
Directors of Goldman Sachs
Alumni of the University of Leeds
Peterson Institute for International Economics
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