HSBC CEO Noel Quinn, who pivoted Europe's largest bank back towards Asia, unexpectedly steps down
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Noel Quinn, CEO of HSBC Holdings Plc, is stepping down after nearly 5 years in the job. The board has begun a formal process to find a successor. During his tenure, Quinn led a series of strategic reviews that resulted in a plan to boost the bank's investment in its Asian business while cutting back in developed Western markets. HSBC also posted a 1.8% drop in pretax profit to $12.65 billion. Quinn was appointed permanent CEO in March 2020, following the ouster of his predecessor John Flint. This will be the third CEO search under Chairman Mark Tucker.
#Hsbc #NoelQuinn #Banking #Asia
https://fortune.com/asia/2024/04/30/hsbc-ceo-noel-quinn-steps-down-pivot-to-asia-europes-largest-bank/
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