Analysts and investors have called for changes to the proposed management structure and responsibilities that Stuart Gulliver will retain when he becomes chief executive of HSBC in January. The calls came after it emerged last week that he would not be replaced as head of HSBC’s global banking and markets business – which accounts for 51% of group profits – for the “foreseeable future”.

Some investors are concerned that by not replacing Gulliver as head of banking and markets he will be distracted from running the rest of the group, including retail banking, commercial banking and insurance, where he has limited direct experience.