Ping An Insurance Votes Against Reappointing Outgoing HSBC CEO Noel Quinn as Director
Sunday, 5 May 2024, 05:21
Ping An Insurance Opposes HSBC CEO's Reappointment
Ping An Insurance, one of the major stakeholders in HSBC, has voted against the reappointment of Noel Quinn as a director.
Quinn's Victory Over Ping An's Spin-Off Proposal
Noel Quinn managed to defeat Ping An's long campaign urging HSBC to spin off its Asia business.
Ping An's decision to oppose his reappointment signifies continuing tensions with HSBC.
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.