‘Challenging’ environment prompts Flint exit from HSBC
John Flint quit his position as CEO of HSBC on Monday after less than two years in the job, as the bank warned of difficult global conditions in its second quarter results. The bank’s chair Mark Tucker implied the desire for change related to a problem with Flint’s execution of the bank’s strategy, rather than the strategy itself, but the departure has also raised questions about HSBC’s Chinese operations.
While the board looks for an internal or external candidate to replace Flint, Noel Quinn will become interim group chief executive. Quinn has been chief executive of global commercial banking since 2015.Flint will no longer carry out day-to-day duties as CEO from Tuesday, but is available to ...
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