Mark Tucker (business)

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Mark Tucker
Chairman of the HSBC
Assumed office
1 October 2017
Preceded byDouglas Flint
President of the AIA Group Limited
In office
1 January 2011 – 1 June 2017
Succeeded byNg Keng Hooi
Chairman of the AIA Group Limited
In office
12 October 2010 – 1 January 2011
Succeeded byEdmund Tse
CEO of the AIA Group Limited
In office
12 October 2010 – 1 June 2017
Succeeded byNg Keng Hooi
CEO of the Prudential plc
In office
2005–2009
Succeeded byTidjane Cheick Thiam
Personal details
Born (1957-12-29) 29 December 1957 (age 60)
England
EducationBusiness Management (University of Leeds)
OccupationGroup Chairman

Mark Edward Tucker (born 29 December 1957) is an English businessman, best known for his various roles at Prudential plc, where he was the CEO until September 2009.[1] He currently serves as Group Chairman of HSBC Holdings plc.

Early Life[edit]

Tucker started adult life as a trainee professional footballer, making appearances for Wolverhampton Wanderers, Rochdale and Barnet, although he never played a first team match.[2]

Career History[edit]

After retiring from professional football, Tucker studied Business Management at the University of Leeds. He was then qualified as an accountant at PricewaterhouseCoopers.[2]

He joined Prudential 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 at Jackson 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 join HBOS as Finance Director.[2]

Following Jonathan Bloomer's ousting as CEO of Prudential in early 2005, due to bungled attempts to merge with American General and sell off Egg, 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 of Goldman Sachs.[4]. He served as the CEO and President of Asian focus insurer AIA Group from June 2009 to September 2017, where he successfully led the former Asian assurance arm of New York-based American International Group (AIG) for an IPO on the Hong 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]

Mark Tucker was appointed to the Board as a non-executive director and Group Chairman-designate of HSBC Holdings plc on 1 September 2017. He became non-executive Group Chairman on 1 October 2017, succeeding executive chairman Douglas Flint who retired. [6]

Personal life[edit]

Tucker is married with one son and one daughter. During Tucker's time with AIA, the company became Premier League team Tottenham Hotspur's shirt main sponsor.

References[edit]

  1. ^ a b Jones, Adam (2009-03-19), "Tucker to leave Prudential", Financial Times, retrieved 2009-03-19
  2. ^ a b c d e f Reece, Damian (2007-08-20). "Mark Tucker: Steering a safe course at the Pru". The Daily Telegraph. London. Retrieved 2007-08-28.
  3. ^ Felsted, Andrea (2009-03-19), "Pru's new chief Tidjane Thiam seen as 'bold' choice", Financial Times, retrieved 2009-03-19
  4. ^ "Goldman Sachs – Leadership – Board of Directors". Goldman Sachs. Retrieved 8 August 2013.
  5. ^ "AIA's successful listing on the Hong Kong Stock Exchange" (PDF). 2010-10-19. Archived from the original (PDF) on 2016-03-04.
  6. ^ Brinded, Lianna (2017-03-13). "Who is Mark Tucker, HSBC's new incoming chairman?". Business Insider UK. Retrieved 2017-10-03.


Business positions
Preceded by
Douglas Flint (As Executive Group Chairman)
Group Chairman of HSBC
2017 – Present
Succeeded by
Incumbent