HSBC Appointments

HSBC Holdings PLC
28 November 2005


                                  APPOINTMENTS

Sir John Bond, 64, Group Chairman of HSBC Holdings plc since 1998, will retire
at the Annual General Meeting on 26 May 2006, after 45 years service.

Sir John will be succeeded as Group Chairman by Stephen Green, 57, who joined
HSBC in 1982, and is currently Group Chief Executive.

Stephen Green will be succeeded as Group Chief Executive by Michael Geoghegan,
52, who joined HSBC in 1973 and is currently Chief Executive of HSBC Bank plc,
the Group's principal subsidiary in the UK.

These appointments have the unanimous support of the Directors and have been
made after consultation with representatives of major institutional investors
and explanation of the succession planning and independent external search
process.

Michael Geoghegan will be succeeded as Chief Executive of HSBC Bank plc, subject
to necessary approvals, by Dyfrig John, 55, who joined HSBC in 1971 and is
currently the bank's Deputy Chief Executive.

There are no matters that need to be brought to the attention of shareholders.

Media enquiries to Michael Broadbent on [phone] or at
[e-mail] or Richard Lindsay on [phone] or at
[e-mail]

Notes to editors:

1. Biographies
Biographies of Sir John Bond, Stephen Green, Michael Geoghegan and Dyfrig John
can be obtained from Richard Lindsay on [phone] or
[e-mail].

2. Letter to shareholders
The following letter will be sent to all HSBC shareholders by Sir Brian Moffat,
Chairman of the Nomination Committee:

Dear Shareholder

Today, HSBC Holdings plc announced that Sir John Bond will retire at the Annual
General Meeting on 26 May 2006. Sir John's successor as Group Chairman will be
Stephen Green, currently Group Chief Executive.

                                                                        
The decision by the Board to appoint Stephen Green as Group Chairman, was made
after a thorough selection process. This was conducted by the Nomination
Committee, assisted by external advisers, and included extensive benchmarking
against external candidates. We considered carefully the requirements of the
position in terms of HSBC's size, geographical spread and complexity. We
recognised the need for full time executive commitment and experience of
international banking at the highest level. We took account of the need for the
Group Chairman to have a wide range of skills, the capacity for strategic
thinking and the ability to sustain and enhance the company's corporate
character. We also took into consideration the need for the Group Chairman to be
able to work closely and effectively with the Group Chief Executive, to have the
authority to run the Board and to have the personal standing to represent HSBC
externally at the highest level. Job specifications for the Group Chairman and
the Group Chief Executive, setting out their respective authorities and
responsibilities, have been agreed by the Board. The Nomination Committee came
to the unanimous conclusion that Stephen Green was the outstanding candidate.

Stephen joined HSBC in 1982. He was Group Treasurer from 1992 to 1998, and
Executive Director, Corporate, Investment Banking and Markets from 1998 to 2003
when he was appointed to his current position. Stephen has worked in Hong Kong,
New York and London, and has immense international experience and knowledge of
your company. He is superbly well qualified to serve as your Chairman.

Stephen's successor, as Group Chief Executive, will be Michael Geoghegan, who
currently leads HSBC Bank plc, the Group's principal subsidiary in the United
Kingdom. Michael too is highly qualified for his new position and his
appointment also has the unanimous support of your Directors. He has 32 years
experience with HSBC and has worked in 10 countries in North and South America,
Asia, the Middle East and Europe.

Nowadays, success in financial services depends in a large measure on the
relative strengths of competing management teams. HSBC's record suggests that
its management team is second to none. Planning management succession is key to
this, has long been established in the Group and the plan is regularly reviewed
by the non-executive Directors. Furthermore, HSBC is a remarkable organisation
with a distinctive character and culture. The business is managed through
international teamwork and HSBC believes this is best achieved by management
continuity and amongst colleagues who have similar values. By way of example,
the top fifty executives have a combined service approaching 1,000 years with
HSBC, although 20 per cent of these executives have joined the Group in the last
six years thus ensuring there is a balance of new talent to help run the
business.

Your Directors believe strongly that the appointments announced today are in the
best interests of the shareholders. The appointments have the unanimous support
of the Directors and have been made after consulting with representatives of
major institutional investors and explaining the succession planning and
independent external search process.

Yours sincerely

Sir Brian Moffat
Deputy Chairman and
Senior Independent Non-executive Director

3. HSBC Holdings plc
HSBC Holdings plc is headquartered in the UK. The HSBC Group serves over 110
million customers worldwide from more than 9,700 offices in 77 countries and
territories in Europe, the Asia-Pacific region, the Americas, the Middle East
and Africa. With assets of US$1,467 billion at 30 June 2005, HSBC is one of the
world's largest banking and financial services organisations. HSBC is marketed
worldwide as 'the world's local bank'.
                                  



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