7 months ago
27
HSBC’s group chief executive Noel Quinn is unexpectedly retiring after nearly five years in the role.
Europe’s largest bank says it is in the process of finding a successor for 62-year-old Mr Quinn, who will stay in the role until a new chief executive is named. HSBC is considering candidates from both inside and outside the firm.
It comes as the UK-based lender reported a 1.8% drop in profit for the first three months of 2024, compared to the same time last year.
The company said that its pre-tax profit for the period came in at $12.7bn (£10bn), which was a little better than expected by market analysts.
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