Alexander Andrew "Sandy" Flockhart (, born 22 December 1951) is a former

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of The Hongkong and Shanghai Banking Corporation Limited.

Early life

He was born in the UK and brought up and educated in

Edinburgh Edinburgh is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. The city is located in southeast Scotland and is bounded to the north by the Firth of Forth and to the south by the Pentland Hills. Edinburgh ...

, Scotland, where he attended

George Watson's College George Watson's College is a co-educational Private schools in the United Kingdom, private day school in Scotland, situated on Colinton Road, in the Merchiston area of Edinburgh. It was first established as a Scottish education in the eighteenth ...

. He joined

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

in July 1974 after graduating in law (LLB) from the

University of Edinburgh The University of Edinburgh (, ; abbreviated as ''Edin.'' in Post-nominal letters, post-nominals) is a Public university, public research university based in Edinburgh, Scotland. Founded by the City of Edinburgh Council, town council under th ...

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 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(formerly the Hongkong 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.

, a director of

HSBC Bank Australia HSBC Bank Australia Limited (formerly the Hongkong Bank of Australia Limited) is the Australian subsidiary of HSBC. The bank offers a wide range of financial services in Australia through a network of 36 branches and offices. These services in ...

and a non-executive director of HSBC Bank (China) 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 Grou ...

. 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, 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 valuable service in a wide range of useful activities. It comprises five classes of awards across both civil and military divisions, the most senior two o ...

(CBE) in the

2008 New Year Honours The New Year Honours 2008 for the Commonwealth realms were announced on 29 December 2007, to celebrate the year passed and mark the beginning of 2008. The recipients of honours are displayed here as they were styled before their new honour, and ...

Personal life

Flockhart's interests include golf, fishing, classic cars and history. He is married with four children, two of them born in Hong Kong.

References

1951 births Living people HSBC people Commanders of the Order of the British Empire People educated at George Watson's College Alumni of the University of Edinburgh Scottish bankers 20th-century Scottish businesspeople 21st-century Scottish businesspeople Scottish expatriates in Hong Kong {{UK-business-bio-1950s-stub