The statement, which came as the London-based lender with a focus on Asia reported a slight decline in quarterly profits, surprised observers of the financial markets.
The bank announced that it had started looking for Mr. Quinn’s replacement and that he had consented to stay in his position until that person was appointed.
The bank further stated that he will be accessible until the conclusion of his 12-month notice period, which is scheduled to end on April 30, 2023.
About his impending departure, Mr. Quinn stated, “After a demanding five years, it’s time for me to find a better balance between my personal and professional life.”
