Sir John Bond | |
---|---|
Chairman of Xstrata | |
Assumed office February 2011 | |
Preceded by | Lord MacLaurin of Knebworth |
Group Chairman of HSBC Holdings | |
In office 29 May 1998 –26 May 2006 | |
Preceded by | Sir William Purves |
Succeeded by | Lord Green of Hurstpierpoint |
Group Chief Executive of HSBC Holdings | |
In office 1 January 1993 –29 May 1998 | |
Preceded by | Sir William Purves |
Succeeded by | Keith Whitson |
Personal details | |
Born | [1] Oxford,England,United Kingdom | 24 July 1941
Spouse | Elizabeth Bond |
Sir John Reginald Hartnell Bond (born 24 July 1941) [1] is the chairman of Swiss mining company Xstrata. He previously served as chairman of HSBC Holdings plc,spending a total of 45 years with the bank.
He was appointed as a member of the Hong Kong Chief Executive's Council of International Advisers in the years of 1998–2005. [2]
John Bond joined The Hongkong and Shanghai Banking Corporation as an international manager in 1961,at the age of 19, [1] his original application having been turned down before the intervention of the father of an old school friend whose father was a broker for the bank. He spent his early career in Hong Kong,Indonesia,Singapore and Thailand,before returning to Hong Kong to manage the bank's investment banking arm Wardley in the 1980s. From there,he was posted to New York City, [1] to head the bank's United States operations (which included Marine Midland Bank),before being appointed HSBC Group CEO in 1993. Bond took over as Group Chairman in 1998 with the retirement of Sir William Purves.
During Bond's tenure as chairman,HSBC extended its reach well beyond its major franchises in Hong Kong and Britain. From 1998 to 2005,HSBC spent $47bn on acquisitions,including those of Republic National Bank,Credit Commercial de France,Bital Bank,Bank of Bermuda,Mid-Med Bank Malta plc.,and Household International.
He was chairman when the Household acquisition was approved in 2003 by the Board. Household was a consumer finance business,an established business in the US serving the 40% of the US population who are sub-prime;other major players were GE,Wells Fargo,Citigroup and AIG.
During his Chairmanship HSBC invested over $3 billion in China by buying 20% stakes in Bank of Communications and Ping An Insurance,as well as investing in HSBC's proprietary branch network. He chaired both the China Development Forum and the Mayor of Shanghai's International Business Leaders' Advisory Council and joined the Advisory Board of Tsinghua School of Economics and Management.
Bond led HSBC to devoting considerable resources to corporate social responsibility,recognising the bank's responsibilities to the environment and the communities in which it operates. He was also behind HSBC's strong interest in the demographic changes being wrought by an ageing world.
His management style is modest,and in interviews Bond preferred to discuss HSBC rather than himself. He attributed his rise to the top of HSBC as a result of being in the right place at the right time. In an interview in 2005,he noted being driven more by a fear of failure,of letting down shareholders,customers and staff,rather than a sense of personal aggrandizement. [3]
Bond was a director of Ford Motor Company. He has been a governor of the English-Speaking Union,and was chairman of the Institute of International Finance from 1998 to 2003.
On 28 November 2005,HSBC announced that Bond would step down as chairman from May 2006,to be succeeded by the bank's CEO,Stephen Green. It was later announced that Bond would be taking over from Lord MacLaurin as chairman of the British telecommunications company Vodafone. In February 2011 he was succeeded by Gerard Kleisterlee as the Vodafone chairman. Bond became chairman of the mining conglomerate in March 2011 Xstrata.[ citation needed ]
He was born in Oxford,and educated at Tonbridge School. His family's roots are in Bristol. Bond failed to gain admittance to Oxford University,so on leaving school he spent his gap year in the US,as an English-Speaking Union scholarship student at Cate School,near Santa Barbara,California,before being given passage on a ship from Long Beach to Hong Kong as a deck hand.
Bond is married to Elizabeth,Lady Bond,with whom he has two daughters and a son. His elder daughter Annabelle Bond is the fourth British woman to have climbed Mount Everest and the woman to have scaled the Seven Summits in the briefest period of time.
He was knighted in 1999 for his services to banking. [4]
In 2005,he received the Golden Plate Award of the American Academy of Achievement presented by Michael Bloomberg,Mayor of New York City,during the International Achievement Summit in New York City. [5] [6]
In 2006,he received the Outstanding Leadership in Business Practices Award for his achievements in propelling HSBC’s growth through a series of outstanding acquisitions in America and Asia,and in creating an internationally recognized global banking brand. [7]
In March 2007,at the European Business Awards,he was given a lifetime achievement award.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London,England,with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets,ahead of BNP Paribas,with US$2.919 trillion as of December 2023. In 2021,HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).
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,which holds a majority equity interest in the bank.
Standard Chartered PLC is a British multinational bank with operations in consumer,corporate and institutional banking,and treasury services. Despite being headquartered in the United Kingdom,it does not conduct retail banking in the UK,and around 90% of its profits come from Asia,Africa,and the Middle East.
Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC. The bank was founded as the Birmingham and Midland Bank in Union Street,Birmingham,England in August 1836. It expanded in the Midlands,absorbing many local banks,and merged with the Central Bank of London Ltd. in 1891,becoming the London City and Midland Bank.
The Hongkong and Shanghai Banking Corporation Limited,commonly abbreviated as HSBC and formerly known as HongkongBank,is the Hong Kong-based Asia-Pacific subsidiary of the HSBC banking group,for which it was the parent entity until 1991. The largest bank in Hong Kong,HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Bank of Communications is the fifth-largest bank in mainland China. It was originally established in 1908 and was one of a handful of domestic Chinese banks that issued banknotes in modern history. Following the Chinese Communist Revolution in 1949,the mainland operation of that bank were merged into the People's Bank of China and People's Construction Bank of China under the Communist single-tier banking system,while its continuation in Taiwan eventually became part of Mega International Commercial Bank.
Stephen Keith Green,Baron Green of Hurstpierpoint,is a British politician,former Conservative Minister of State for Trade and Investment,former group chairman of HSBC Holdings plc,and Anglican priest.
Michael Francis Geoghegan CBE is an international banking business executive,who served as the chief executive (CEO) of HSBC from 26 March 2006 to 31 December 2010. He joined HSBC in 1973 and had previously led the group's South American and European operations.
Sir Yue-Kong Pao CBE JP,was the founder of Hong Kong's Worldwide Shipping Group which in the 20 years from purchasing its first used ship in 1955 became by far the largest shipping company in the world with over 20 million tonnes deadweight (DWT). Anticipating the seriousness of the shipping downturn starting in the late 1970s,he drastically reduced his fleet and was able to pay off associated debt and raise cash to diversify his interests notably through the purchase of a controlling stake in The Hongkong and Kowloon Wharf and Godown Company Limited and later Wheelock Marden giving exposure to Hong Kong real estate,shipping terminals,retail,ferries,and trams. He was noted for his unmatched access to leaders in both the commercial and political arenas and was equally at ease with Western political leaders and the Chinese leadership in the run-up to Hong Kong's ceasing to be a British colony in 1997. He was also a generous philanthropist notably in educational projects. He died in 1991 but his corporate legacy continues to be controlled and run by his family.
Vincent Cheng Hoi-Chuen GBS OBE JP was a Hong Kong banker who was an executive director of HSBC Holdings plc. He was also chairman of The Hongkong and Shanghai Banking Corporation Limited,the Asia-Pacific branch of HSBC,and founding member of the group,from 2005 to 2010.
David Gordon Eldon CBE is the former chairman of The Hongkong and Shanghai Banking Corporation Limited. He retired in May 2005,after spending 37 years with HSBC Group,but made a return to banking in 2011 as non-executive chairman of HSBC Bank Middle East Limited. He stepped down from the role on April 30,2021 and was appointed non-executive deputy chairman of The Hongkong and Shanghai Banking Corporation in June 2021.
Sir William "Willie" Purves,was a Scottish banker until his retirement in 1998. He was the first Group Chairman of HSBC Holdings following the creation of a holding company to act as parent to The Hongkong and Shanghai Banking Corporation and the Midland Bank following the former's acquisition of Midland in 1992.
Raymond Or Ching-fai,SBS,JP is the Vice-Chairman of G-Resources Group (SEHK: 1051 and the Vice-Chairman and chief executive officer of China Strategic Group,and the chairman of Esprit Holdings.
Peter Wong Tung-shun,JP is a Hong Kong banker associated with the HSBC,StanChart and Citi. He retired as CEO of HSBC Asia-Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation,effective 7 June 2021. He holds a BComm degree from the University of Calgary in Alberta,Canada,a master's degree in computer science and another master's degree in marketing and finance from Indiana University in the United States.
Margaret Leung Ko May-yee,SBS,JP is a non-official member of the Executive Council of Hong Kong. She was previously the deputy chairman and managing director of Chong Hing Bank Limited and vice-chairman and chief executive officer of Hang Seng Bank Limited. And before that she was the group general manager and Global Co-head of commercial banking of HSBC.
Stuart Thomson Gulliver is a British banker,and the former group chief executive of HSBC. He was succeeded on 21 February 2018 by John Flint.
Simon Cooper is a British banker. Since 2018 he has been the chief executive officer of the Corporate,Commercial and Institutional Banking division of Standard Chartered,its largest global business with approximately USD10 billion in underlying operating income. He also is CEO of the bank’s Europe and Americas region and is chairman of the group’s global Diversity and Inclusion Council.
António Pedro dos Santos Simões is a financial services executive. He joined Legal &General as group chief executive in January 2024,succeeding Nigel Wilson.
William Thomas Winters,CBE is an American banker who is the chief executive (CEO) of Standard Chartered,and was formerly co-head of JPMorgan Chase's investment bank.
Sir Kenneth Fung Ping-fan,CBE,KStJ,LLD,DSocSc,JP was a prominent Hong Kong politician and businessman.