HSBC CEO Noel Quinn to retire in surprise departure

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Photo: Bloomberg/Contributor (Getty Images)

HSBC Group CEO Noel Quinn is retiring after five years in the role, the bank announced Wednesday.

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

This is a developing story and will be updated.

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