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Lord Green of Hurstpierpoint

Steven Green

Stephen Green, Group Chairman of HSBC holdings plc, has been awarded an Honorary Degree of Doctor of Science (Economics).

The award was presented at a special ceremony at the School on Wednesday 3 February in recognition of his contribution to his field.

Addressing those gathered for the ceremony, Professor of Economics Robert Ash said: "Stephen is a banker who possesses an extremely highly-developed sense of moral responsibility. This extends beyond the staff and shareholders of HSBC to embrace those living in the wider community.

"His religious convictions and moral values not only inform his own actions, but are central to his thinking about the wider role of banks and, more broadly, of capitalism and globalisation in shaping future sustainable global development.”

Stephen was also praised for supporting the ongoing partnership between SOAS and HSBC, which, since 2006, has funded two annual scholarships in support of MA students pursuing studies in Sinology and Chinese Literature. These awards have allowed the School to recruit students who otherwise might not have been able to embark on such study.

"Such support helps greatly in filling the gap that has long existed in the provision and uptake of postgraduate, language-based Chinese training for British and European graduates in UK universities," said School Director and Principal Paul Webley. "We are, therefore, delighted that HSBC has recently agreed to continue to fund these scholarships until 2013 and are thrilled to be honouring an individual who has worked hard to establish a fairer, more principled and more humane society."

Stephen Green said: "It is a great privilege to receive this honorary degree. SOAS is a remarkable institution, one synonymous with intellectual excitement and achievement.

"It is also distinctively positioned to analyse, understand and explain the new era of social and demographic change we are entering, one in which emerging markets will be an important driver of global economic growth.

"It is against this backdrop that I feel deeply proud of the HSBC/SOAS association because, together, we have a critical role to play in supporting the development of modern, sustainable economies and lifting hundreds of millions of people out of poverty."