HSBC Considers Incentives to Retain Executives

HSBC is in the process of selecting its third CEO in nine years and is considering financial incentives and project reallocations to retain executives who miss out on the top position. The bank plans to choose from internal candidates like CFO Georges Elhedery, wealth business head Nuno Matos, Europe boss Colin Bell, and investment bank chief Greg Guyett. Concerns have been raised by shareholders regarding potential management disruptions due to the CEO appointment. HSBC aims to maintain top talent amid internal changes and challenges in key markets like Britain and China. CEO Noel Quinn's total pay package doubled in 2023, reaching £10 million.