HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe.
Hong Kong — The Asia-focused bank said in a statement Tuesday that it had launched a formal process to find a successor. Chief financial officer Georges Elhedery, appointed to the No. 2 role in January 2023, is likely the leading internal candidate for the job.
at the same time as boosting the group’s Asian business,” said Simon Yuen, founder of Hong Kong-based Surich Asset Management, which is an Chairman Mark Tucker said the bank was aiming to complete Quinn’s succession process by second half of this year. “He first informed me of this earlier this month,” Tucker said of the timing of Quinn’s decision to step down, adding that the decision was Quinn’s own and that the board supported it. Navigating challenges Quinn, who joined
to spin off its Asia business, which ended in defeat at the bank’s shareholder meeting last year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'An intense five years': Read HSBC CEO Noel Quinn's surprise resignation statementHSBC CEO Noel Quinn said it is 'now the right time for me to get a better balance between my personal and business life.'
Read more »
HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retireThe company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.
Read more »
HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retireHSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.
Read more »
HSBC CEO Noel Quinn to retireHSBC CEO Noel Quinn to retire
Read more »
HSBC CEO Noel Quin to retire; Q1 earnings beat expectationsHSBC CEO Noel Quin to retire; Q1 earnings beat expectations
Read more »
Quinn Kennedy Ph.D.Quinn Kennedy, Ph.D., is the Director of Aging Research at neuroFit and CEO of QK Consulting.
Read more »