Douglas_Flint

Douglas Flint

Douglas Flint

British banker

Sir Douglas Jardine Flint, CBE[1] (born 8 July 1955) is a British banker and former chairman of HSBC Holdings. He served from 2011 to 2017, having previously been finance director since 1995.[2] He is chairman of Abrdn.[3]

Quick Facts Sir Douglas FlintCBE, Born ...

Biography

Education

Flint graduated with a bachelor's degree with honours in Accounting from the University of Glasgow. He also completed the PMD course at Harvard Business School in 1983. Flint is a member of a number of professional bodies such as the Institute of Chartered Accountants of Scotland, the British Association of Corporate Treasurers professional body and most recently, Institute of International Finance, where he now serves as chairman of the board. He is also a Fellow of the Chartered Institute of Management Accountants.[1]

Career

Flint started his career in Peat Marwick Mitchell & Co. (now KPMG), and was appointed a partner of the firm in 1988. He became Group Finance Director of HSBC in 1995. He was the Chairman of the Financial Reporting Council's review of the Turnbull Guidance on Internal Control from 2004 to 2005 and was a member of The Accounting Standards Board and the Standards Advisory Council of the International Accounting Standards Committee Foundation from 2001 to 2004.[1]

In June 2006, in recognition to his services to the finance industry, he was appointed a CBE (Commander of the Order of the British Empire).[4]

Flint became group chairman of HSBC at the end of 2010.[5][6][7][8] In 2014, he criticised banking regulations as "disproportionate", "unwarranted risk aversion [which] threatens to restrict access to the formal financial system to many who could benefit from it".[9]

He became Chairman of IP Group in November 2018.[10] In October 2018 it was announced that he would become the new chairman of Standard Life Aberdeen on 1 January 2019, succeeding Sir Gerry Grimstone.[11]

In 2023, Flint was included in a ten-member panel to advise opposition leader Keir Starmer.[12]

References

  1. [1]
    "Executives biographies: Douglas Flint - HSBC Board of Directors". Retrieved 22 July 2016.
  2. [2]
    Harry Wilson. "Douglas Flint: HSBC's 'safe pair of hands' - Telegraph". Retrieved 22 July 2016.
  3. [3]
    Burton, Lucy (30 October 2018). "New era for Standard Life Aberdeen as City grandee Douglas Flint takes the chair". The Telegraph. Retrieved 13 December 2018.
  4. [4]
    Kevin Reed (21 June 2006). "Wyman and Flint lead honours - Accountancy Age". Retrieved 22 July 2016.
  5. [5]
    "Europe's top bank names new management". The Sydney Morning Herald. 25 September 2010. Retrieved 22 July 2016.
  6. [6]
    James Quinn (2 January 2011). "Banks plead for guidance on bonuses set to total £7bn - Telegraph". The Telegraph. Retrieved 22 July 2016.
  7. [7]
    Ben Perry (25 September 2010). "Europe's top bank HSBC unveils boardroom shake-up". The Sydney Morning Herald. Retrieved 22 July 2016.
  8. [8]
    Jill Treanor (24 September 2010). "HSBC chief Mike Geoghegan ousted after brutal boardroom battle - The Guardian". The Guardian. Retrieved 22 July 2016.
  9. [9]
    Treanor, Jill (4 August 2014). "HSBC chairman warns against banking reforms". The Guardian. Retrieved 15 January 2024.
  10. [10]
    "Board of Directors". IP Group. Retrieved 18 January 2023.
  11. [11]
    "New era for Standard Life Aberdeen as City grandee Douglas Flint takes the chair". The Telegraph.
  12. [12]
    O'Connor, Tara (8 December 2023). "Labour appoints 10 City advisers as part of financial services review". FT Adviser. Retrieved 15 January 2024.
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