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SCC Review Form Eng Indd Hsbc Hsbc

SCC Review Form Eng Indd Hsbc Hsbc

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surprising turn of events hsbc's chief executive Noel Quinn is stepping down after five intense years in the role the bank has announced better than expected profits prompting a search for Quinn's successor Quinn aged 62 will remain in his position until a new CEO is appointed having joined the bank in 1987 Quinn has been instrumental in driving the bank's transformation strategy despite a 1.8% decline in pre-tax profit to 12.7 billion in the first quarter of 2024 HSBC exceeded analyst's expectations the bank also saw a 3% increase in revenues totaling $2.8 billion additionally HSBC announced a share buyback program of up to $3 billion demonstrating confidence in its financial position Noel Quinn expressed the need for a better work life balance after the demanding 5-year period mark Tucker the HSBC chair commended Quinn for his role in streamlining the business and enhancing Returns the bank recently divested its Argentina business following the sale of

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