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 Simple Favor 2 star Henry Golding dishes on hotlySydney boy accused of stabbing 2 clerics showed no signs of radicalization, Muslim leader saysCaitlin Clark's Indiana Fever jersey becomes Fanatics' bestTakeaways from this week's reports on the deadly 2023 Maui fire that destroyed LahainaDirect flights resume between Chengdu, AucklandKim Kardashian credits North West, 10, for taking her sultry vacation pictures in Turks and CaicosNew Mexico voters can now sign up to receive absentee ballots permanentlyRussian air defense forces neutralize over 30,000 Ukrainian aerial weaponsKim Kardashian credits North West, 10, for taking her sultry vacation pictures in Turks and CaicosTakeaways from this week's reports on the deadly 2023 Maui fire that destroyed Lahaina
2.9791s , 6491.875 kb
Copyright © 2024 Powered by HSBC CEO Noel Quinn plans to retire ,Global Gazetteer news portal