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Stuart Rose joins HSBC as retail adviser

Former Marks & Spencer boss Sir Stuart Rose has joined HSBC as a retail adviser.

Rose, who stepped down as chief executive of M&S in 2010 and retired as chairman the following year, will advise the bank’s clients in the retail and consumer industries.

Kevin Adeson, one of HSBC’s top bankers, appointed Rose to the European advisory council of its investment banking arm.

Members of the council have no powers over the running of HSBC.

HSBC’s relationship with M&S stretches back to the bank’s acquisition of the retailer’s financial services arm in 2004, shortly after Rose took the job at the British department store chain.

Rose has spent 30 years in retail, including stints at Philip Green’s Arcadia Group and then-Debenhams owner the Burton Group. He has also been chairman of clothing chain Fat Face.

HSBC could not be reached for comment.

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