HSBC chief executive unexpectedly steps down
- HSBC's chief executive Noel Quinn is unexpectedly retiring after overseeing extensive asset sales globally during his five-year leadership. The bank has started the search for a new CEO.
- Quinn, who took on the CEO role in 2020 and boosted the bank's shares by around 30%, cites a need for a better work-life balance after an intense five-year stint.
- Noel Quinn will continue as CEO until the new successor begins and has agreed to assist with the transition until his notice period ends on April 30, 2025.
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Leaning Left6Leaning Right6Center15Last Updated17 days agoBias Distribution56% Center