HSBC must prioritise Asian expertise in surprise CEO search [Reuters]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Reuters
His surprise departure is an opportunity to accelerate its strategic pivot to Asia, investors say. Top of Chairman Mark Tucker's CEO wishlist for replacing Quinn, who , should be someone who can galvanise the bank's 220,000-strong workforce to meet those goals in an uncertain global economy and amid rising tensions between East and West. Report this ad "I'd expect the candidate would be someone with vast experience in Asian and Middle East markets, who is open minded on the bank's strategy and could re-consider the option of re-domicile HSBC's headquarters to Asia," said Simon Yuen, Hong Kong-based founder of Surich Asset Management. HSBC, Europe's largest lender by assets with a balance sheet of $3 trillion, is increasingly betting on its historic Asian ties to raise profits, as competition crimps revenue growth in other regions. Since the financial crisis of 2008, HSBC has already shrunk its global footprint by around a quarter, exiting low-growth markets to plough capital
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HSBC
Sec Filings
- 5/20/24 - Form 6-K
- 5/20/24 - Form 6-K
- 5/17/24 - Form 8-A12B
- HSBC's page on the SEC website