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:
Related suggestion:
A painting of Winston Churchill by an artist whose work he hated is up for auctionCardi B, Queen Latifah and The Roots to headline the BET Experience concerts in Los AngelesFacing a Republican revolt, House Speaker Johnson pushes ahead on US aid for Ukraine, allies'Rust' movie armorer sentenced to 18 months for fatal shooting by Alec BaldwinCyberattack costs hit UnitedHealth in 1Q that still turns out better than expectedAngry Donald slams 'TrumpThe Sky added plenty of star power in the WNBA draft with Kamilla Cardoso and Angel ReeseMichigan gets 3 years of probation for football recruiting violations'Rust' movie armorer sentenced to 18 months for fatal shooting by Alec BaldwinTrump says New York judge won’t let him attend son’s graduation, no ruling has been made
2.1089s , 5261.3515625 kb
Copyright © 2024 Powered by HSBC CEO Noel Quinn plans to retire ,Global Graph news portal