Alexander Andrew "Sandy" Flockhart

CBE The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...

(, born 22 December 1951) is a former

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

The Hongkong and Shanghai Banking Corporation Limited HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...

Early life

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

Edinburgh Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian ...

, Scotland, where he attended

George Watson's College George Watson's College is a co-educational independent day school in Scotland, situated on Colinton Road, in the Merchiston area of Edinburgh. It was first established as a hospital school in 1741, became a day school in 1871, and was merge ...

. He joined

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

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

University of Edinburgh The University of Edinburgh ( sco, University o Edinburgh, gd, Oilthigh Dhùn Èideann; abbreviated as ''Edin.'' in post-nominals) is a public research university based in Edinburgh, Scotland. Granted a royal charter by King James VI in 15 ...

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 SABB may refer to: *SABB (Saudi bank) or Saudi British Bank, a subsidiary of HSBC * SABB S.A., an Argentine rolling stock manufacturer. Sabb may refer to: *Sabbatical officer or sabb, in UK students' unions * Sabb., an abbreviation related to the ...

). He was ''Presidente y Director General'' of

HSBC Mexico HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tr ...

from October 2002, during which time he opened

Torre HSBC HSBC Tower ( es, Torre HSBC) is a skyscraper office building located on Paseo de la Reforma in Colonia Cuauhtémoc, Cuauhtémoc, Mexico City, Mexico, which is the headquarters of HSBC Mexico. It is located opposite the Angel of Independence, ...

, 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 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.HSBC Bank Australia HSBC Bank Australia Limited (formerly the HongkongBank 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 inc ...

and a non-executive director of

HSBC Bank (China) HSBC Bank (China) Company Limited (; often abbreviated as ) was one of the first foreign banks to incorporate locally in mainland China in 2007. It is part of the worldwide HSBC Group and is wholly owned by Hong Kong-based The Hongkong and Shan ...

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 Group ...

. 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

, 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 Bank and Clients plc was a British private bank, which was formed by combining: Church House Trust, a retail bank founded in 1978 and Ocean Capital, a specialist corporate lender founded in 2002. B&C was based in London, United Kingdom. In Jan ...

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 contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established ...

(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 {{UK-business-bio-1950s-stub