HSBC CEO Noel Quinn said it is 'now the right time for me to get a better balance between my personal and business life.'
HSBC on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm.
Quinn said in a statement that it is "now the right time for me to get a better balance between my personal and business life." The bank said the hunt for its next CEO had begun, and Quinn would remain in his post during this process.on Tuesday announced the surprise departure of Group Chief Executive Officer Noel Quinn after nearly five years at the helm."It has been a privilege to lead HSBC. I never imagined when I started 37 years ago that I would have the honour of becoming Group Chief Executive of this great bank.
First appointed as interim CEO in August 2019, Quinn took permanent leadership of HSBC in March 2020. He led the bank through challenges including the Covid-19 pandemic and deteriorating relations between China and the West.The bank's Chairman Mark Tucker paid tribute to Quinn's leadership. "He has driven both our transformation strategy and created a simpler, more focused business that delivers higher returns.
HSBC said the hunt for its next CEO had begun, and that Quinn would remain in his post during this process.
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