HSBC eyes payouts, new roles for execs pipped to CEO job, sources say

Economy

LONDON, July 9 (Reuters) – As HSBC (HSBA.L), opens new tab prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters.
Europe’s biggest bank could reassign its technology transformation and innovation strategy, currently overseen by CEO Noel Quinn, away from his successor, the people said, speaking on condition of anonymity.

Source: REUTER

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