CEO of HSBC steps down after less than two years in the role

Posted by

 John Flint is stepping down from the CEO position “by mutual agreement with the board" according to HSBC. The board of Directors had been showing disappointment with the pace of change at the bank since Mr. Flint was appointed to the position. HSBC plans to cut up to 2 percent of the jobs following the change in Senior Management. Noel Quinn, head of HSBC’s commercial banking unit, has taken an interim CEO position.

The Financial Times, David Crow, Henny Sender and Don Weinland, 5th August 2019