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.” |
Israel, Iran show restraint. But for how long?Kohli reacts angrily to his fullViolent rages, sadistic beatings, inKawhi Leonard will miss Game 1 for Los Angeles Clippers against Dallas Mavericks2 Pakistani customs officials killed and 3 wounded in an attack in the restive northwestBremen ends Stuttgart's 11Tesla cuts some US electric vehicle prices after difficult weekBridgerton's Nicola Coughlan stuns in glittering black gown as she holds hands with coI auditioned for Britain's Got Talent ten years ago and it looks nothing like what you see on TVBritish conductor Sir Andrew Davis dies aged 80: Much