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.
Hello.... Contact Dr. Mugwenu. He heals pressure, diabetes, ulcers, gonorrhea, syphilis, TB, manhood weakness among other things. The doctor also solves life’s challenges such as love issues, family problems, hardships in business, increases your luck, that is, winning lottery games and court cases, promotions at work and clears away devilish spirits and dreams. For consultation call: +254 740637248 www.mugwenudoctors.com