By Ian Walker

HSBC Holdings PLC (HSBA.LN) said Thursday that it has appointed Barry O'Byrne as interim chief executive of global commercial banking, subject to regulatory approval.

HSBC said that Mr. O'Byrne will replace Noel Quinn who has been appointed as interim group chief executive. Mr. Quinn is succeeding John Flint who is leaving the role after 18 months.

Mr. O'Byrne joined HSBC as group general manager and chief operating officer of global commercial banking in 2017. In his new role Mr. O'Byrne will join HSBC's group management board.

"We have moved swiftly to appoint Barry as interim CEO for commercial banking to ensure we maintain leadership momentum on delivering for our customers, driving growth and delivering the strategic investment program for the business," Mr. Quinn said.

HSBC announced late Sunday that Mr. Flint will step down as CEO with immediate effect but will be available to assist HSBC with the leadership transition. Mr. Quinn has taken temporary charge of the CEO role while a search is carried out.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

August 08, 2019 04:56 ET (08:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
HSBC (NYSE:HSBC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more HSBC Charts.
HSBC (NYSE:HSBC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more HSBC Charts.