HSBC CEO Noel Quinn Announces Retirement After Intense Five-Year Tenure

Noel Quinn's unexpected departure triggers a search for a successor amid strategic shifts towards Asia and record profits.

Noel Quinn, CEO of HSBC, has announced his retirement after five years, citing a need for personal balance.
Quinn's tenure saw significant strategic shifts, with a focus on Asian markets and a series of global asset sales.
HSBC's first-quarter profits slightly dropped but remained strong, prompting share buybacks and dividends.
The search for Quinn's successor is underway, with internal candidates like CFO Georges Elhedery being considered.
HSBC faces challenges such as geopolitical tensions and shareholder pressures, particularly from its largest shareholder, Ping An.