HONG KONG: Banking giant HSBC said on Tuesday that Chief Executive Officer (CEO) Noel Quinn would retire after overseeing a "successful transformation" of the firm and record profits during almost five years in charge. "During his tenure, HSBC has delivered record profits and the strongest returns in over a decade," it announced in a Hong Kong stock exchange filing. AFP PHOTO STEPPING DOWN A woman walks past a logo of the HSBC bank in Hong Kong on August 3, 2015. HSBC shares in Hong Kong rose by more than one percent in afternoon trading to hit a nine-month high. Quinn joined HSBC in 1987 and was appointed interim CEO in 2019 after several years leading its commercial banking unit.

Source: Manila Times May 01, 2024 04:24 UTC