HSBC boss quits after five years citing ‘intense' period
The Independent|May 01, 2024
HSBC’s chief executive is to retire from the bank unexpectedly after an intense” five years in the role.
HOLLY WILLIAMS
HSBC boss quits after five years citing ‘intense' period

Noel Quinn, who has been at the helm of the global banking giant since 2019, will remain in the post for up to a year until his replacement is found. The company said it has begun the process of finding his successor and hopes to make an appointment in the second half of the year.

Mr Quinn said it had been a “privilege” to lead the business but that now is the “right time” for him to retire and lead a more balanced life. “I never imagined when I started 37 years ago that I would have the honour of becoming group chief executive of this great bank,” he said. “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.”

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