Sandy Flockhart
Sandy Flockhart | |
|---|---|
| Born | Alexander Andrew Flockhart December 22, 1951 United Kingdom |
| Occupation | Banker |
| Years active | 1974–2012 |
| Known for | Former CEO of The Hongkong and Shanghai Banking Corporation |
Alexander Andrew "Sandy" Flockhart (, born 22 December 1951) is a former chief executive officer of The Hongkong and Shanghai Banking Corporation Limited.
Early life
Flockhart was born in the United Kingdom and completed his education in Edinburgh, Scotland. He attended George Watson's College before earning a law degree (LLB) from the University of Edinburgh. He began his career with HSBC in July 1974.
Career
Throughout his tenure at HSBC, Flockhart undertook numerous international assignments, including roles in Hong Kong, the United Arab Emirates, and Qatar. Between 1992 and 1994, he served as CEO of HSBC’s operations in Thailand. In January 1995, he assumed the position of Deputy Managing Director at SABB.
Starting October 2002, Flockhart was named Presidente y Director General of HSBC Mexico, where he managed the inauguration of Torre HSBC, the bank’s headquarters, in April 2006. By September 2006, he advanced to CEO and President for HSBC’s Latin America and Caribbean division.
In June 2007, HSBC Group announced Flockhart’s appointment as CEO of The Hongkong and Shanghai Banking Corporation. He also held several leadership positions including Chairman and non-executive director at HSBC Bank Malaysia, director at HSBC Bank Australia, as well as non-executive directorships at HSBC Bank (China) and Hang Seng Bank. In May 2008, he joined HSBC Holdings as an executive director.
Flockhart retired from HSBC in 2012 following a settlement with US regulators related to money laundering activities involving nearly US$1 billion through HSBC Mexico during his leadership. After his exit, HSBC reportedly pursued a bonus clawback procedure against him.
In December 2012, he was appointed non-executive chairman of the newly renamed Church House Trust Plc after its acquisition by Ocean Industries.
Honours and awards
He received the title of Commander of the Order of the British Empire (CBE) in the 2008 New Year Honours list.
Personal life
Flockhart enjoys golfing, fishing, classic automobiles, and has an interest in history. He is married and has four children, two of whom were born while he was residing in Hong Kong.