HSBC: CEO in shock exit
(CercleFinance.com) - Alongside the publication of interim results on Monday, HSBC has announced the resignation, with immediate effect, of its CEO John Flint, who has headed the British banking giant since early 2018.
The decision - made by "mutual agreement" according to those concerned - comes as the group posts bumper results, performance deemed ideal for the group to be able to further step up growth.
In its statement, HSBC says that it has already launched a recruitment process to replace John Flint, with the group studying both internal and external candidates.
In the meantime, Noel Quinn - Head of Global Commercial Banking - will take on the role of Interim CEO. As a veteran at HSBC, he has been working for the group for 32 years.
John Flint said that he intends to devote himself to a "new personal project".
HSBC shares are currently down 0.1% on the London Stock Exchange.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The decision - made by "mutual agreement" according to those concerned - comes as the group posts bumper results, performance deemed ideal for the group to be able to further step up growth.
In its statement, HSBC says that it has already launched a recruitment process to replace John Flint, with the group studying both internal and external candidates.
In the meantime, Noel Quinn - Head of Global Commercial Banking - will take on the role of Interim CEO. As a veteran at HSBC, he has been working for the group for 32 years.
John Flint said that he intends to devote himself to a "new personal project".
HSBC shares are currently down 0.1% on the London Stock Exchange.
Copyright (c) 2019 CercleFinance.com. All rights reserved.