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HSBC boss resigns

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HSBC boss resigns
August 05
13:00 2019

HSBC CEO John Flint is no longer a member of the board of directors. As it has become known, Mr. Flint has left his post, which he has held since October 2017. In total, he has served at HSBC for about 30 years.

Bank officials say the company needs change because of the increasing global complexity. Flint shares this view too. He emphasizes that good interim reporting makes it possible to implement changes right now.

According to the results of the first half of the year, the bank has reported a 16% increase in pre-tax profit – up to 12.4 billion US dollars.

Jeffry N. Quinn will become interim CEO at HSBC. He has served in the company for 32 years and currently leads the global commerce division.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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