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Companies

HSBC appoints insider Noel Quinn as chief executive

Bank goes against speculation that it will name person from outside

HSBC has named its interim boss as the new CEO.   © Reuters

LONDON (Reuters) -- HSBC said on Tuesday it appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe's biggest bank and ending months of speculation an external candidate could get the role.

Quinn, who joined HSBC in 1987, took interim charge of HSBC last August after the shock ousting of John Flint and has been auditioning for the permanent job since, despite media reports that chairman Mark Tucker preferred an external candidate.

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