HSBC’s next leader to face familiar challenges
With the bulk of its business coming from Asia, Europe’s largest bank is planning for a new leader to take the helm, most likely in 2025.
KickT
With the bulk of its business coming from Asia, Europe’s largest bank is planning for a new leader to take the helm, most likely in 2025.
May 14, 2024
HSBC’s chief executive Noel Quinn is retiring from the bank, according to a company statement filed on the Hong Kong Stock Exchange HKEX. Quinn, who began his career with HSBC in 1987, will step down after leading the organisation for nearly five years, initially serving as interim head in 2019 following the resignation of his predecessor John Flint, who held the position for two years.
Quinn’s potential suitors will have their hands full, opines Eric Ritter, adjunct professor of economics for Lakeland University in Japan and former hedge fund manager, speaking to FinanceAsia. “Because the London headquartered bank derives the bulk of its income from Asia,...
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