LONDON (AP) — HSBC Holdings Chairman Stephen K. Green will leave the bank to become Britain's minister of state for trade and investment, the company announced Tuesday.
Green will retire from the bank by the end of the year — HSBC did not announced a specific date — and take up his new post in 2011.
Prime Minister David Cameron said Green will make an "invaluable contribution" to driving economic growth in Britain as the government seeks to open new trade links, promote British business overseas and maximize inward investment.
The new job is unpaid but includes an appointment to the House of Lords, since ministers must be drawn from Parliament.
HSBC did not …
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