HSBC confirms Noel Quinn as permanent CEO
Interim HSBC CEO Noel Quinn has been appointed on a permanent basis after leading the bank for seven months, writes Jane Connolly.
Noel Quinn, HSBC
MarketWatch reports that Noel was described as “the outstanding candidate” for the position, despite having not made the shortlist in earlier CEO successions. He took over from ousted John Flint last autumn.
UniCredit SpA boss Jean Pierre Mustier reportedly withdrew from talks about the role in late February.
The bank has faced significant challenges caused by the current coronavirus outbreak, political unrest in Hong Kong, trade tensions between the US and China, and Brexit uncertainty in the UK. But HSBC has been the second-best performer on the Stoxx Europe 600 Banks index this year, with a 16% decline.
During his time as interim CEO, Noel Quinn has cut 35,000 jobs and scaled back operations in Europe and the US.
“Noel has proven to be the outstanding candidate to take on a role permanently that he has performed impressively on an interim basis,” says Mark Tucker, HSBC chairman.
“He has shown a great understanding of HSBC, the challenges we face and the significant opportunities for growth that lie ahead.”
HSBC refused me a business account, I have been talking with DCNS about a £600M contract.
All HSBC staff should be sacked if they don’t perform and make profit for their company.
Good luck HSBC, you need it.
Clive
Complaining about my application and the attitude of the HSBC bank!
Good morning! I’m the application number 381954629310927 – Munteanu Rares Ionel – VENETA SERVICES LIMITED- I don’t understand why you keep me busy with your back and why you “unfortunately ” decided to decline my application? I applied for a business account 3 months ago! You bank HSBC was keep me and don’t tell me first I’m not able for account!! Government did the BBL Bonce Back Loans for the small company which day are in difficulty! I’m a small company with very big difficulty . Why I’m not helped? And more than that you keep me 3 months away from my rights!! Thank you for your attitude and attention! I’m going to complain this situation and I’m not going to leave this big errors to happen! !! I tried to send it over the mobile but didn’t work!
YOU HAVE DONE NOTHING FOR ME TO HELP ME WITH THE PROBLEMS I HAVE ! THE GOVERNMENT PUT THE OPPOSITION IN UK FOR WORKING PEOPLE NOT FOR THE TIFFS AND ALL THE SPECIES OF FRAUDS! ?