The Just Finance Foundation is pleased to announce the appointment
of Douglas Flint, Chairman of HSBC Holdings PLC, as non-executive Chairman of the
Douglas Flint started his career in Peat Marwick Mitchell & Co. (now KPMG), and was
appointed a partner of the firm in 1988. He has an in depth knowledge of banking, treasury
and securities trading operations, financial reporting of multinationals. He became Group
Finance Director of HSBC in 1995.
He was the Chairman of the Financial Reporting
Council's review of the Turnbull Guidance on Internal Control from 2004 to 2005 and was
a member of The Accounting Standards Board and the Standards Advisory Council of the
International Accounting Standards Committee Foundation from 2001 to 2004.
2006, in recognition to his services to the finance industry, he was appointed a CBE
(Commander of the Order of the British Empire). Douglas Flint became chairman of HSBC
Holdings PLC, Europe's biggest bank, at the end of 2010.
Douglas Flint commented,
“I am delighted to be joining the Just Finance Foundation at a time when it is working on three key objectives: engaging the public in a conversation about money and its place in our lives, promoting saving as a lifelong habit and connecting people to low cost credit, free debt advice and money skills. This is important work and I am honoured to be taking the work of the Archbishop’s Task Force to a new level.”
About the appointment, Archbishop Justin Welby commented,
“Douglas Flint brings with him a wealth of expertise and understanding to this newly created role. The previous Task Group delivered an impressive list of achievements that has already had high impact. Under the experienced leadership of Douglas Flint, the Just Finance Foundation will continue working towards our clear vision of a stronger and more resilient community finance sector.”
Executive Director of Church Urban Fund, Canon Paul Hackwood said,
"The appointment of Douglas Flint as Chairman of this new foundation is highly significant. The board will bring together different interests from the banking, community finance sector and local communites themselves which will create the possibility of creating real change. It is as we work together on these issues that we have a real chance of addressing the financial distress that blights the lives of so many.”