David Eldon

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David Eldon
Chairman of the Hong Kong General Chamber of Commerce
In office
24 April 2005 – 3 May 2007
Preceded byAnthony John Liddell Nightingale
Succeeded byLily Chiang
Chairman of the Hongkong and Shanghai Banking Corporation Limited
In office
1999 – 24 May 2005
Preceded byJohn Estmond Strickland
Succeeded byVincent Cheng
Chairman of the Hang Seng Bank Limited
In office
1 January 1998 – 21 April 2005
Preceded byLee Quo-wei
Succeeded byMichael Roger Pearson Smith
Personal details
Born (1945-10-14) 14 October 1945 (age 77)
SpouseMaria Margarita Eldon

David Gordon Eldon CBE (Chinese: 艾爾敦, born 1945) is former chairman of The Hongkong and Shanghai Banking Corporation Limited. He retired in May 2005, after spending 37 years with HSBC Group, but remains actively engaged in banking and business life.


Eldon commenced a career in banking with an Australian banking group in London in 1964, and joined The British Bank of the Middle East (now HSBC Bank Middle East Limited) in 1968. In January that year he took up his first position in Dubai, remaining in the Middle East undertaking a variety of roles in different countries. He was appointed Manager of Sharjah branch in 1973 and Manager of Ras Al Khaimah branch in 1977.[1]

He took up his first position in Hong Kong in 1979 as Manager Special Projects in the head office of The Hongkong and Shanghai Banking Corporation. He later became a District Manager, with responsibility for the Bank's branches in Mongkok.

Eldon was appointed Deputy managing director of The Saudi British Bank (SABB) in 1984 and returned to Hong Kong in 1987, when he took up the position of Senior Manager (International Corporate Accounts). At the end of 1988, he was appointed chief executive officer in Malaysia, and was promoted to general manager in 1990. He returned to Hong Kong again in 1992 and later became general manager in The Hongkong and Shanghai Banking Corporation's International department.

He became an Executive Director of The Hongkong and Shanghai Banking Corporation in 1994 and chief executive officer of the Bank in January 1996. In January 1999, he was appointed Chairman of The Hongkong and Shanghai Banking Corporation and the Executive Director of HSBC Holdings.

Eldon retired in 2005, but made a return to banking in 2011 as non-executive chairman of HSBC Bank Middle East Limited.[2] He stepped down from the role on April 30, 2021[3] and was appointed non-executive Deputy Chairman of The Hongkong and Shanghai Banking Corporation in June 2021.[4]

Eldon was the non-executive chairman of HSBC Bank Egypt and HSBC Bank Turkey A.S., roles to which he was appointed in 2017, and retired from both during 2021. He was non-executive chairman of HSBC Bank Oman between 2013 and 2017[5] and he has been Adviser to the CEO of HSBC's Global Commercial Bank since 2016.

Other positions held by Eldon during his career include non-executive chairman of Hang Seng Bank Limited, a director of HSBC Bank Australia Limited (formerly Hongkong Bank of Australia Limited), a director of the MTR Corporation, a director of Swire Pacific Limited, deputy chairman of The Hong Kong Jockey Club, chairman of the Hong Kong General Chamber of Commerce and chairman of the Dubai International Financial Centre Authority. He was a member of the Presidential Committee for National Competitiveness of President of South Korea Lee Myung-bak and a senior adviser to PricewaterhouseCoopers in Hong Kong and China from September 2005 until 2014.

Eldon is non-executive chairman of Octopus Cards Limited in Hong Kong and sits on a number of other boards, advisory boards and Hong Kong Government entities.


Eldon maintains a blog, where he gives (sometimes controversial) opinions on political topics.[6] In 2014, Eldon attracted attention after posting comments about Hong Kong’s Chief Executive Leung Chun-ying,[7][8] and saying that pro-democracy protesters should "move on from the current impasse" during the 2014 Hong Kong protests.[9] This had led to HSBC feeling the need to comment that the views expressed were his own, and not a company view on the matters.[10]

Personal life[edit]

Born in Inverness, Scotland, Eldon was educated at the Duke of York's Royal Military School. Eldon married in 1975 and has three children. Two of his children are living and working in Hong Kong, while the other lives and works in Canberra, Australia. Eldon continues to live in Hong Kong, where he has spent more than half his working life, and he intends to remain in Hong Kong.




  1. ^ http://www.hkexnews.hk/listedco/listconews/sehk/2004/1207/ltn20041207057.pdf[bare URL PDF]
  2. ^ Anand, Sameera. "David Eldon returns to HSBC as Middle East chairman | hsbc, david eldon, middle east, hong kong bank". FinanceAsia. Retrieved 12 June 2021.
  3. ^ "HSBC Bank Middle East appoints new chairman". www.zawya.com. Retrieved 12 June 2021.
  4. ^ "HSBC in Hong Kong - About HSBC | HSBC Hong Kong". www.about.hsbc.com.hk. Retrieved 12 June 2021.
  5. ^ "HSBC Bank Oman names new chairman; to pay 5 per cent dividend". Times of Oman. Retrieved 12 June 2021.
  6. ^ "Eldon-Online by David Eldon".
  7. ^ "CY Leung to get the boot, former HSBC boss predicts". Want China Times. Archived from the original on 21 June 2015. Retrieved 21 June 2015.
  8. ^ "Something's Gotta Give: A Banker Weighs In on Hong Kong's Leader". The Wall Street Journal. 13 October 2014.
  9. ^ "Ex-HSBC chairman David Eldon says pro-democracy protesters should 'move on'". 12 November 2014.
  10. ^ "HSBC distances itself from David Eldon's blog". South China Morning Post. 14 October 2014.
  11. ^ "David Eldon". Archived from the original on 21 June 2015. Retrieved 21 June 2015.

External links[edit]

Order of precedence
Preceded by
Kenneth Fang
Recipients of the Gold Bauhinia Star
Hong Kong order of precedence
Recipients of the Gold Bauhinia Star
Succeeded by
Michael Sze
Recipients of the Gold Bauhinia Star