HSBC CEO Noel Quinn plans to retire
HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post.
“After an intense five years, it is now the right time for me to get a better balance between my personal and business life. I intend to pursue a portfolio career going forward,” Quinn said in a statement on Tuesday.
Quinn has worked at HSBC since 1987. As CEO, he helped with the sale of its Canada and Argentina operations and oversaw the bank’s strongest returns in more than a decade.
In 2021, HSBC said that it was closing its U.S. retail banking business in order to refocus its efforts on wealth management. London-based HSBC is one of the world’s biggest banks, but its focus is primarily in Hong Kong, where it was founded, and elsewhere in Asia, and in the U.K. and Europe.
“Noel has had a long and distinguished 37-year career at the Bank and we are very grateful for his significant contribution to the Group over many years,” Chairman Mark Tucker said. “He has driven both our transformation strategy and created a simpler, more focused business that delivers higher returns. The bank is in a strong position as it enters the next phase of development and growth.”
Related articles
The bodies of 4 men and 2 women were found strangled, piled up in Mexican resort of Acapulco
MEXICO CITY (AP) — The bodies of four men and two women were found strangled and dumped in a pile in2024-05-22MBIE calls on staff again to apply for voluntary redundancies
Photo: RNZ / Dom Thomas2024-05-22Government holds first carbon auction of the year after four failures
Photo: 123RF2024-05-22Winston Peters 'not going back' on co
Photo: RNZ / Angus Dreaver2024-05-22- PRAGUE (AP) — Dylan Cozens scored a short-handed goal in overtime for Canada to edge the Czech Repub2024-05-22
HKFP Lens: 'Dear Hong Kong' celebrates city's diversity with new photo book
With a series of portraits of people from all over the world, a non-profit social project called Dea2024-05-22
atest comment