I've speculated before that HSBC's insurance boss, Clive Bannister - the son of the original four minute miler, Sir Roger - might want to consider doing a runner from the bank. And who could blame him? Chief exec Michael Geoghegan has decamped to Hong Kong (leaving UK staffers wondering if they too should desert London) while the bank's rowing back from sections of insurance, after putting its motoring arm into run-off plus selling its insurance broking business to Marsh & McLennan for £135m.
But was I too quick off the blocks? I see that the Office of Fair Trading is now asking for interested parties' views on the Marsh deal. Might Clive have a couple more laps to run before trousering that big bonus?
Monday 8 February 2010
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