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Flint CEO of HSBC departs

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HSBC: CEO Flint steps down

HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties.

The announcement came as the banking giant reported pre-tax profit was up 15.8 percent at $12.4 billion for the first half of the year.

Adjusted pre-tax profit also rose 6.8 percent year-on-year to $12.5 billion, the bank said.

Flint’s departure was revealed as HSBC said it was facing an “increasingly complex and challenging global environment”.

“Although not carrying out his day-to-day duties after today, he (Flint) remains available to assist HSBC with the transition,” the bank said in a statement.

Noel Quinn, head of the commercial banking division, will be interim CEO, the statement added.

86 COMMENTS

  1. That’s how reasonable people do, when you know a situation is more complex than you can handle, you give way for others to try

  2. He’s a selfless man for stepping down, there are some people that would want to stay there even if after they find out they can’t resolve the issue

  3. He’s a selfless man for stepping down, there are some people that would want to stay there even if after they find out they can’t resolve the issue

  4. Nice man..

    Nigeria politicians should learn from this man..

    You can’t all only for your self..

    Vanity upon vanity all is vanity Nigeria politicians should take note..

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