Tag: CEO

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HSBC’s Path Forward: What Noel Quinn’s Departure Means for the Future
[caption id="attachment_1196" align="aligncenter" width="759"] HSBC headquarter for APAC in Hong Kong. Photo: Sai-pok Mu[/caption] Hong Kong/Beijing  -- HSBC holding (NYSE:HSBC, HKSE:0005, LSE:HSBA) surprisingly announced the retirement of its 62-year-old CEO on the same day it released its Q1 results report. The market was caught off guard. The board has not yet decided on a successor, and Quinn will remain in office until his successor starts in the role. He has also agreed to remain available through to the end of his 12-month notice period, HSBC said. The shocking departure When his departure was announced, many expressed shock. At the Q3 financial results conference in October 2022, Quinn expressed his intention to continue working in the group for the long term. And now, his choice is family. According the a statement released by the bank, he wrote “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.” According to Financial Times, there were…