HSBC has named David Lindberg as chief executive of HSBC UK Bank, the group's ring-fenced retail and commercial banking entity for the United Kingdom. Lindberg, who previously served as head of retail banking at NatWest Group, will take up the position on 8 December 2025. The appointment was announced on 21 October 2025.
At NatWest Group, he held senior leadership responsibility for the retail division.
LINDBERG STEPS INTO RING-FENCED BANK LEADERSHIP
HSBC UK Bank operates as a separately capitalised and independently governed entity within the HSBC group, a structure mandated under UK ring-fencing legislation introduced following the 2008 financial crisis to insulate retail deposits and core banking services from the group's wholesale, investment banking, and international activities.
The outgoing chief executive, Ian Stuart, is moving to the previously announced group-level position of group customer and culture director. Stuart has led HSBC UK since 2017.
START DATE AND GROUP ROLE
HSBC has confirmed Lindberg's start date of 8 December 2025, with Ian Stuart moving to his new role after a handover period. Lindberg will also join the HSBC Group Operating Committee.