Surprise move: Flint’s departure is a result of differences of opinion between him and Tucker over the pace and results of executing HSBC’s strategy, according to a source. — Bloomberg
HONG KONG: HSBC ousted chief executive officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to accelerate progress of its strategic priorities.
Flint’s exit, which a source said was a result of differences over execution of his strategy, was disclosed by HSBC early yesterday along with its half-yearly results which had been scheduled for release later in the day.
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