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HSBC Interim CEO Demands Action From Managers After Flint’s Exit

  • Quinn: ‘must be honest with ourselves’ on what’s not working
  • Told bankers on call that China, Hong Kong strategy unchanged
Noel Quinn
Noel QuinnSource: HSBC Holdings Plc
Updated on

HSBC Holdings Plc’s interim chief said he wants “less process and more action” in his first call with senior managers after John Flint was abruptly ousted from the top job.

“We need to be more granular in the execution plan to deliver,” Noel Quinn said on a call with managers earlier Tuesday, according to remarks recounted to Bloomberg News. “We need to be honest with ourselves on what is working, and what is not.” Quinn was head of HSBC’s global commercial banking arm until the announcement of Flint’s departure.