HSBC CEO Noel Quinn has decided to retire after more than three decades with the British lender.
Noel Quinn has decided to retire from HSBC and group CEO after five years in the role, according to a statement. The bank’s board has begun a formal process to find a successor, considering both internal and external candidates. Meanwhile, Quinn, will continue as CEO during this process to ensure a smooth and orderly transition.
«Noel Quinn 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,» said HSBC group chairman Mark Tucker. «He has driven our transformation strategy and created a simpler, more focused business that delivers higher returns.»
37-Year Career
Quinn first joined HSBC in 1987 and held various roles in the UK, including in the Midland Bank which was acquired in 1992. From 2011 to 2015, he was the regional head of commercial banking for Asia Pacific, based in Hong Kong. Since 2019, he has been group CEO of the British lender.
«It has been a privilege to lead HSBC. I never imagined when I started 37 years ago that I would have the honor of becoming Group Chief Executive of this great bank,» Quinn commented. «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.»
