2024-04-30 09:17:09 ET
HSBC Holdings PLC (HSBC)
Q1 2024 Earnings Conference Call
April 30, 2024, 02:45 ET
Company Participants
Mark Tucker - Chairman
Noel Quinn - Group CEO
Georges Elhedery - Group CFO
Conference Call Participants
Joseph Dickerson - Jefferies
Raul Sinha - JPMorgan Chase & Co.
Jeremy Hugh - CICC
Jason Napier - UBS
Perlie Mong - KBW
Andrew Coombs - Citigroup
Katherine Lei - JPMorgan Chase & Co.
Presentation
Operator
Welcome, ladies and gentlemen, to the analyst and investor webinar on the 2024 first quarter results for HSBC Holdings plc. For your information, this webinar is being recorded. We are now ready to start the webinar, so I will hand over to Mark Tucker, Group Chairman.
Mark Tucker
Good morning to those of you in London, and good afternoon to those of you in Hong Kong. I'm joining you today from London and have alongside me know enjoy. I'll be making some short opening remarks before handing over to Noel.
As you may have already seen, we have announced today that Noel has informed the Board of his intention to retire from the bank after nearly 5 years in the law. The Board and I would like to pay tribute to Noel's exceptional [indiscernible]
As Group Chief Executive, he drags both our transformation strategy as well as creating a simpler, more focused business through the disposal of assets in the U.S., France and Canada. This has enabled us to deliver an improved performance, achieving record profits last year and create a platform for future growth and development.
Now, you'll hear from him in a second, has decided it's the right time to step back and find a better balance between his personal and business commitments. As you would expect, the Board keeps succession planning under constant review. We already have started a robust and rigorous process to find our next group Chief Executive.
This process will look at both internal and external candidates. I'm very pleased that now has agreed to remain in his role while this process takes place, ensuring a smooth and orderly transition. And on a personal note, I'd like to thank Noel for his unwavering commitment and dedication to HSBC, which he joined 37 years ago.
Now, it's been a pleasure and privilege to work with and alongside you.
Noel Quinn
Thank you, Mark. I'm very grateful for your support, guidance, friendship and partnership. I'm proud of what my HSBC colleagues and I have achieved together over the past 5 years. Over that period, we have hit some significant milestones, record profits last year, the strongest returns in a decade and the highest dividend since 2008....
Read the full article on Seeking Alpha
For further details see:
HSBC Holdings PLC (HSBC) Q1 2024 Earnings Call Transcript