Quinn, who joined HSBC in 1987, took interim charge of HSBC last August after the shock ousting of John Flint and has been auditioning for the permanent job since, despite media reports that chairman Mark Tucker preferred an external candidate. Unicredit boss Jean Pierre Mustier and incoming UBS Group Ralph Hamers were among those reported to have caught Tucker's eye. "Noel has proven to be the outstanding candidate to take on a role permanently that he has performed impressively on an interim basis since August 2019," Tucker said. Ian Gordon, analyst at Investec, said he welcomed the appointment which would provide the bank “much needed strategic clarity”. Quinn will earn a base salary of 1.27 million pounds ($1.54 million) per annum, the bank said.

Source: bd News24 March 17, 2020 18:33 UTC