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News in BriefApril 30

HSBC CEO Noel Quinn announces surprise retirement; Santander profits up 11%

Plus: UK risks financial services leadership without reform, says City of London authority, and more
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HSBC CEO Noel Quinn announces surprise retirement; Santander profits up 11%Image: Reuters/Yves Herman

HSBC CEO Noel Quinn has announced his unexpected retirement after five years in the role. Quinn will continue as CEO through a 12-month notice period while HSBC begins the search for his successor.

“After an intense five years, it is now the right time for me to achieve a better balance between my personal and business life. I intend to pursue a portfolio career going forward,” Quinn said.

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