Douglas Flint may have been described as the “compromise candidate” for the role of HSBC chairman following a dramatic power struggle. However, the straight-talking chief financial officer of the UK’s largest bank is highly regarded by analysts and has a strong track record in regulation and corporate governance.

The 55-year old Scotsman looks set to take over from Stephen Green as HSBC chairman once the appointment is rubber-stamped by the board in Shanghai next week, beating Michael Geoghegan to the post.