British banking group HSBC has appointed Charlie Nunn as the new CEO for its retail banking and wealth management unit, replacing John Flint who will now become group CEO.

Nunn has been already serving as acting CEO of the bank’s retail banking and wealth management arm following Flint’s promotion in October 2017.

Flint will take up the new role on 21 February 2018, replacing Stuart Gulliver.

Nunn joined HSBC in 2011, formerly serving as the group general manager, head of group retail banking and wealth management, and global COO for retail banking and wealth management.

He previously also had stints at Accenture as well as at McKinsey & Co.

“Charlie has a deep understanding of our Retail Banking and Wealth businesses that is second to none. Charlie blends his passion for HSBC with his previous experience supporting a broad range of financial institutions, giving him a clear understanding of the opportunities we have to build on our current momentum,” Flint said.

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