HSBC has made headlines with the surprise announcement of the retirement of its chief executive officer, Noel Quinn. Quinn, who has led the bank for five years, is stepping down after overseeing a significant restructuring that involved a series of asset sales worldwide.
The Asia-focused bank revealed on Tuesday that it has initiated a formal process to find Quinn's successor. The current chief financial officer, Georges Elhedery, who was appointed to the No. 2 role in January 2023, is considered a top internal candidate for the position.
