HSBC Aims to Pick Its Successor for CEO Quinn by July
- Bank is leaning toward its bench of internal candidates
- Quinn is preparing to leave HSBC after five years in charge
This article is for subscribers only.
HSBC Holdings Plc is pushing to wrap up the search for a chief executive officer in the coming weeks, with the bank edging toward appointing its next boss from within its own ranks.
The London-headquartered bank could announce a successor for outgoing CEO Noel Quinn ahead of half-year results at the end of July, according to people familiar with the process. The bank is weighing internal candidates, including Chief Financial Officer Georges Elhedery and global wealth and personal banking head Nuno Matos, against external candidates as part of a benchmarking process, said the people, who asked not to be named given the sensitivity.