Sir Douglas Flint to chair IP Group plc

Sir Douglas Flint

Sir Douglas retired as group chairman of HSBC Holdings plc last September, having been appointed to that role in December 2010.

For 15 years prior to this, he was HSBC’s group finance director, joining from KPMG where he was a partner. Between 2005 and 2011 he was also a non-executive director of BP plc.

Mr Flint was chairman of the Institute of International Finance from June 2012 to December 2016 and was a member of both the Mayor of Beijing’s and the Mayor of Shanghai’s International Business Leaders’ Advisory Councils.

Sir Douglas said: “I have long been fascinated by how to develop fully the exciting commercial opportunities that emerge from research developed within the world’s leading academic institutions and I’m excited to be given the opportunity to chair one of the leading companies focused on backing and building world-changing businesses based on innovative science and technology.

“I’m very impressed with IP Group’s business model and am looking forward to working with the team to help deliver value for all stakeholders.”

Alan Aubrey, chief executive of IP Group, said: “I am delighted to welcome Sir Douglas to the board. He is one of most respected directors in the FTSE 100 with a wealth of highly relevant experience.

“The group will benefit enormously from his expertise and we look forward to working with him at this exciting point in IP Group’s development. I would also like to reiterate the board’s thanks to both Mike Humphrey and Professor Lynn Gladden for their counsel and contribution to IP Group.”

Photo credit: World Economic Forum - Flickr: Douglas Flint - World Economic Forum Annual Meeting 2012, CC BY-SA 2.0