v3.25.4
Related party transactions (Tables)
 12 Months Ended
Dec. 31, 2025
Related party transactions [abstract]  
Disclosure of compensation of key management personnel The following table shows the total fees and benefits of non-executive Directors for 2025, together with comparative figures for 2024.
Fees and benefits
(Audited)
Fees1
Benefits2
Total
(£000)
2025
2024
2025
2024
2025
2024
Geraldine Buckingham3
283
270
14
3
297
273
Rachel Duan
268
255
13
3
281
258
Dame Carolyn Fairbairn
337
292
15
5
352
297
James Forese4
817
801
34
4
851
805
Ann Godbehere5
737
389
44
—
781
389
Steven Guggenheimer
268
259
22
4
290
263
José Antonio Meade Kuribreña
268
253
51
7
319
260
Kalpana Morparia
268
248
21
1
289
249
Eileen Murray
386
331
30
—
416
331
Brendan Nelson6
783
329
80
38
863
367
Swee Lian Teo
298
256
28
—
326
256
Sir Mark Tucker7
1,125
1,500
62
145
1,187
1,645
Total (£000)
5,838
5,183
414
210
6,252
5,393
Total ($000)
7,691
6,828
545
277
8,236
7,104
1Fees are in line with the Directors' remuneration policy approved by the shareholders at the 2025 AGM.
2Benefits include taxable expenses such as accommodation, travel and subsistence relating to attendance at Board and other meetings at HSBC Holdings'
registered offices.
3Stepped down as a member of the Group Remuneration Committee on 31 January 2025.
4Includes fee of £418,000 (2024: £430,000) in relation to his role as Chair of HSBC North America Holdings, Inc.
5Appointed as a non-executive Director of HSBC Bank plc on 1 January 2025 and received a pro rata annual fee of £105,000 until 24 April 2025. Ann was
appointed as Chair of HSBC Bank plc Board and the Nomination, Remuneration and Governance Committee on 25 April 2025 and received a pro rata annual fee
of £300,000. 
6Appointed as a non-executive Director of HSBC UK Bank plc on 9 January 2025 and received an annual fee for this appointment of £135,000 pro rata for the
period 9 January 2025 to 30 September 2025. Following his appointment as Group Chairman on 1 October 2025, Brendan received a single total annual fee of
£1.5m pro rata and no other fees were paid in relation to any of his other Group or HSBC UK Bank plc roles from 1 October 2025.
7Stepped down as Group Chairman on 30 September 2025.
Shares
Shareholding
guidelines (number of
shares)
Share interests
(number of shares)
Geraldine Buckingham
15,000
15,000
Rachel Duan
15,000
15,000
Dame Carolyn Fairbairn
15,000
15,000
James Forese
15,000
115,000
Ann Godbehere
15,000
15,000
Steven Guggenheimer
15,000
15,000
José Antonio Meade Kuribreña
15,000
15,000
Kalpana Morparia
15,000
15,000
Eileen Murray
15,000
75,000
Brendan Nelson
15,000
15,000
Swee Lian Teo
15,000
15,200
Sir Mark Tucker (retired on 30 September 2025)
15,000
307,352
Compensation of Key Management Personnel
2025
2024
2023
$m
$m
$m
Short-term employee benefits
47
53
51
Post-employment benefits
1
1
1
Other long-term employee benefits
14
12
10
Share-based payments
30
29
29
Year ended 31 Dec
92
95
91
Disclosure of shareholdings, options and other securities of key management personnel
Shareholdings, options and other securities of Key Management Personnel
2025
2024
(000s)
(000s)
Number of options held over HSBC Holdings ordinary shares under employee share plans
—
20
Number of HSBC Holdings ordinary shares held beneficially and non-beneficially
14,817
17,455
Number of other HSBC securities held
—
228
At 31 Dec
14,817
17,703
Disclosure of transactions and balances during the year with associates and joint ventures
Advances and credits, guarantees and deposit balances during the year with Key Management Personnel
2025
2024
Balance at
31 Dec
Highest amounts
outstanding
during year
Balance at
31 Dec
Highest amounts
outstanding
during year
$m
$m
$m
$m
Key Management Personnel
Advances and credits1
11
12
9
12
Guarantees
—
—
—
—
Deposits
67
144
78
191
1Advances and credits entered into by subsidiaries of HSBC Holdings plc during 2025 with Directors and former Directors, disclosed pursuant to section 413 of
the Companies Act 2006, totalled $0.1m (2024: $1.3m) and the total value of guarantees entered into on behalf of the Directors and former Directors was nil
(2024: nil).
Transactions and balances during the year with associates and joint ventures
2025
2024
Highest balance
during the year
Balance at
31 Dec
Highest balance
during the year
Balance at
31 Dec
$m
$m
$m
$m
Unsubordinated amounts due from joint ventures
253
229
104
72
Unsubordinated amounts due from associates
9,945
4,760
8,097
5,011
Amounts due to associates
2,990
1,344
2,992
1,844
Amounts due to joint ventures
212
153
101
85
Fair value of derivative assets with associates
902
673
919
763
Fair value of derivative liabilities with associates
2,660
1,480
3,718
2,641
Guarantees and commitments
992
777
569
577
Transactions and balances during the year with subsidiaries
2025
2024
Highest balance
during the year
Balance at
31 Dec
Highest balance
during the year
Balance at
31 Dec
$m
$m
$m
$m
Assets
Cash and balances with HSBC undertakings
7,613
5,079
9,342
2,548
Financial assets with HSBC undertakings designated and otherwise mandatorily
measured at fair value
70,015
67,217
66,030
61,286
Derivatives
3,102
1,942
3,391
3,054
Loans and advances to HSBC undertakings
40,500
40,500
37,677
37,677
Prepayments, accrued income and other assets
6,126
3,416
7,108
4,216
Investments in subsidiaries
157,728
157,728
160,805
152,337
Total related party assets at 31 Dec
285,084
275,882
284,353
261,118
Liabilities
Amounts owed to HSBC undertakings
192
89
231
231
Derivatives
5,412
3,451
7,944
5,340
Accruals, deferred income and other liabilities
2,184
53
399
194
Subordinated liabilities
—
—
1,202
—
Total related party liabilities at 31 Dec
7,788
3,593
9,776
5,765
Guarantees and commitments
7,318
6,983
7,440
7,327