Finance

HSBC’s Noel Quinn Ends 37-Year CEO Dream With Surprise Departure

HSBC hopes to find Noel Quinn’s replacement by second half
He departs after lamenting grueling schedule in recent years

WATCH: HSBC Holdings Plc’s Chief Executive Officer Noel Quinn is stepping down after nearly 5 years in the job. Charlie Wells reports.Source: Bloomberg

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By Harry Wilson

April 30, 2024 at 4:11 PM UTC

This article is for subscribers only.

In the end, the only thing more surprising than Noel Quinn’s appointment as chief executive officer of HSBC Holdings Plc was his departure.

Years of globe-trotting and long hours have finally caught up with the 62-year-old and the time has come for him to “rebalance” his personal and professional life, Quinn said on Tuesday. He plans to stick around until the bank’s board finds his successor.