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:
Venezuela closes embassy in Ecuador to protest raid on Mexican embassy thereLottery, gambling bill heads to Alabama legislative conference committee for negotiationsIt hasn't taken Jude Bellingham long to realize how big a problem racism is in Spanish soccerGordon Ramsay serves papers to masked pub squatters who trashed TV chef's £13million London boozerSevere storms bring hail, tornadoes to parts of central USUS lawmakers relaunch Uyghur caucus — Radio Free AsiaHome values rising in Detroit, especially for Black homeowners, study showsWorld is not doing enough to protect coral reefs, UN envoy saysLudvig Aberg backs up the hype, finishes 2nd at the Masters in his first majorGeorgian police fire tear gas to break up protest against so
2.2924s , 6498.609375 kb
Copyright © 2024 Powered by HSBC CEO Noel Quinn plans to retire ,International Image news portal