HSBC Chief Noel Quinn to Step Down After 'Intense' Five Years

Tuesday, 30 April 2024, 05:52
HSBC's Chief Executive Officer, Noel Quinn, is unexpectedly stepping down after completing five intense years in the role. The bank reported profits that exceeded forecasts, leading to a search for Quinn's successor. Quinn, 62, will remain in the position until the appointment of a new chief executive. The departure marks a significant change for Europe's largest bank.
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HSBC Chief Noel Quinn to Step Down After 'Intense' Five Years

HSBC CEO Noel Quinn to Step Down

The Chief Executive Officer of HSBC, Noel Quinn, will be leaving his position after serving for five years. The bank announced that Quinn's departure comes after better-than-expected profits were reported.

Successor Search Commences

The bank has initiated the search for a new CEO while Quinn, 62, will continue in his role until a replacement is found. Quinn's tenure at HSBC began in 1987.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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