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:
Woman dies after riding on car's hood and falling off, police sayThe 49ers are slated to pick in the 1st round for the 1st time since 2021Tennessee State hires coach in big step to being the first HBCU to add ice hockeyAlly Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024Sydney Sweeney and Zendaya both wowed in Euphoria, so why are they treated so differently?Missouri lawmakers expand private school scholarships backed by tax creditsMaryland teen charged with planning school shooting after police review writings, internet searchesMLB suspends Pirates Aroldis Chapman, fines him for 'inappropriate actions'California governor pledges state oversight for cities, counties lagging on solving homelessnessJudge denies request for Bob Baffert
2.244s , 6491.71875 kb
Copyright © 2024 Powered by HSBC CEO Noel Quinn plans to retire ,Earthly Echo news portal