The bank has begun the process to find his successor and hopes to make an appointment in the second half of the year.
HSBC’s chief executive is to retire from the bank unexpectedly after an “intense” five years in the role.
Mr Quinn said it has been a “privilege” to lead the business but that now is the “right time” for him to retire and lead a more balanced life. He added that the next phase for HSBC will be a “multi-year journey” and that now is a “natural transition point for the bank” and a “natural transition point for me”.“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,” Mr Tucker said.
Despite the decline, profits were slightly higher than expected, helping shares lift 3% in Tuesday morning trading.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC boss reveals surprise departure plans after ‘intense’ five yearsThe bank has begun the process to find his successor and hopes to make an appointment in the second half of the year.
Read more »
HSBC Town Street Horsforth: New plans for former bank branch on Leeds town high street unveiledA former high street bank in a Leeds town could be transformed into five apartments if new plans are approved.
Read more »
Charlotte Crosby flaunts incredible weight loss in a bikini after following intense exercise regime...Charlotte Crosby tears into Ekin-Su in savage rant on Celebrity Big Brother’s Late And Live
Read more »
Guide to the Best G-Spot Vibrators for Intense OrgasmsDiscover the best G-spot vibrators on the market to achieve intense orgasms. Learn about the debate around the existence of the G-spot and the struggle for women to orgasm from penetration alone. Find out why G-spot stimulation is important for self-care.
Read more »
Erik ten Hag disputes claims of intense training sessions at Manchester United amid injury crisisManchester United's training sessions are being questioned for their intensity as the club faces another injury crisis. Centre backs Victor Lindelof and Lisandro Martinez have been ruled out for a month, with Martinez suffering a setback in training. Casemiro, who had no previous muscular injuries, partly blames the intensity of United's training for his hamstring problems. United have had 53 injury and illness cases this season, leaving them without a full back four for their upcoming Premier League match against Chelsea.
Read more »
Intense and problematic social media use linked to sleep difficulties in teensUniversity of Queensland research has shown intense and problematic social media use is linked to sleep difficulties in adolescents.
Read more »