03.18.2020

HSBC Appoints Quinn As CEO

03.18.2020
Shanny Basar

HSBC Holdings plc announces that Noel Quinn is appointed Group Chief Executive Officer. This is effective immediately.

Group Chairman Mark Tucker, who led the global search, said:

“Noel has proven to be the outstanding candidate to take on a role permanently that he has performed impressively on an interim basis since August 2019. He is a strong and proven leader with extensive global banking expertise, deep client relationships and the energy and skill to drive the business forward at pace. In the last few months Noel has worked closely with the Board to agree the key actions required to build and enhance performance on a sustainable basis. He has shown a great understanding of HSBC, the challenges we face and the significant opportunities for growth that lie ahead. We wish him the very best in taking HSBC forward.”

Noel Quinn said:

“I am honoured to be given the opportunity to lead HSBC as Group CEO. In leading the bank on an interim basis for the last few months, I have really enjoyed working with Mark, the Board and over 230,000 colleagues around the world to reposition the Bank for success in the future. HSBC is an outstanding global company with talented and dedicated people. There is much that remains to be done and I am confident that we will rise to the challenge and deliver for our shareholders, customers, employees and society at large.”

Source: HSBC

Related articles

  1. Blockchain-enabled platform reduces risk and operational costs and enhances liquidity for market participants.

  2. FX Option Volumes Flat Despite Brexit Vote

    Automated, digital-first payments platform will help financial firms with spot FX and international payments.

  3. The consortium is creating the first open market electronic trading platform for syndicated loans and CLOs.

  4. MiFID II to Boost Automation

    The collaboration achieved a 76% reduction in email traffic for operational processes for trades.

  5. BNP Paribas Asset Management launched its first European ESG ETF Barometer survey.