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:
Child migration through Panama's dangerous Darien Gap is up 40%, UN report saysKendall Jenner drops jaws as she poses topless in steamy swimsuit campaign for FWRDShannon Sharpe addresses Shaquille O'Neal feud after NBA legend insisted exInside Harry and Meghan's 'discreet' £3,000Poppy Delevingne puts on a VERY leggy display in a black minidress as she joins Princess MariaHonda recalling lawn mowers, pressure washer equipment due to injury risk when startingMosque attack in Nigeria’s north injures at least 24 people, including childrenSuki Waterhouse flashes her midriff in TBillionaire Frank McCourt says he's putting together a consortium to buy TikTokFrom acting to the squared circle, Emmy winner Hauser is ready to rumble for Major League Wrestling
2.2342s , 5764.109375 kb
Copyright © 2024 Powered by HSBC CEO Noel Quinn plans to retire ,International Insights news portal