One of HSBC’s top UK executives is stepping down in a surprise move to run the Skipton Building Society, one of Britain’s largest financial mutual funds.
Sky News has learned that Stuart Haire, group general manager and chief executive officer of the London-listed giant private banking and personal banking business, will become Skipton’s new chief executive.
An announcement could be made as early as Monday morning.
Mr Haire worked at HSBC for six years, spending almost a decade before that in senior roles at the Royal Bank of Scotland.
He also worked at HSBC and worked for KPMG, the 4th largest accounting firm.
At Skipton, he will replace David Cutter, who stepped down as CEO after 13 years.
Ian Cornelius was appointed interim police chief in April.
Skipton, 169, is a key player in the UK mortgage market, and ranks as the fourth largest building society by property.
Only Nationwide, Yorkshire and Coventry are larger in this regard.
Spokespersons for Skipton and HSBC both declined to comment later this week.
