CBE
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations,
and public service outside the civil service. It was established o ...
(, born 22 December 1951) is a former
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
of
The Hongkong and Shanghai Banking Corporation Limited
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
He was born in the UK and brought up and educated in
Edinburgh
Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian ...
, Scotland, where he attended
George Watson's College
George Watson's College is a co-educational Independent school (United Kingdom), independent day school in Scotland, situated on Colinton Road, in the Merchiston area of Edinburgh. It was first established as a Scottish education in the eight ...
. He joined
HSBC
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 tri ...
in July 1974 after graduating in law (LLB) from the
University of Edinburgh
The University of Edinburgh ( sco, University o Edinburgh, gd, Oilthigh Dhùn Èideann; abbreviated as ''Edin.'' in post-nominals) is a public research university based in Edinburgh, Scotland. Granted a royal charter by King James VI in 15 ...
.
Career
His appointments include postings to Hong Kong, the United Arab Emirates and Qatar. From 1992-1994, Flockhart served as CEO of Thailand branch of The Hongkong and Shanghai Banking Corporation. In January 1995, he became Deputy Managing Director of The Saudi British Bank ( SABB).
He was ''Presidente y Director General'' of
HSBC Mexico
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 tr ...
from October 2002, during which time he opened Torre HSBC, the new headquarters of the bank in April 2006. In September 2006, Flockhart became the CEO and President of HSBC for Latin America and the Caribbean.
In June 2007, the HSBC Group announced that Flockhart was to become CEO of The Hongkong and Shanghai Banking Corporation. He also became Chairman and non-executive director of
HSBC Bank Malaysia
HSBC Bank Malaysia Berhad was incorporated locally in Malaysia on 1 October 1984. It is part of the HSBC Group and is a wholly owned subsidiary of HSBC Holdings plc, headquartered in London.HSBC Bank Australia and a non-executive director of
HSBC Bank (China)
HSBC Bank (China) Company Limited (; often abbreviated as ) was one of the first foreign banks to incorporate locally in mainland China in 2007. It is part of the worldwide HSBC Group and is wholly owned by Hong Kong-based The Hongkong and Shang ...
and
Hang Seng Bank
Hang Seng Bank Limited () is a Hong Kong-based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, ...
. He became an executive director of HSBC Holdings in May 2008.
In 2012 he retired from HSBC, coinciding with a settlement with the US authorities in which
HSBC Mexico
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 tr ...
, of which Sandy Flockhart had been CEO, admitted to aiding the laundering of nearly US$1 billion of drug traffickers funds. Following his departure from HSBC the bank was reported to be initiating a bonus clawback process against him.
In December 2012 he was named non-executive chairman of newly rebranded Church House Trust Plc after its acquisition by Ocean Industries.
Honours and awards
He was appointed
Commander of the Order of the British Empire
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations,
and public service outside the civil service. It was established o ...