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HSBC boss ousted after less than 18 months in job

Aug 06, 2019 - The Daily Telegraph (London)
Board and Executive Moves

HSBC has unexpectedly parted ways with its chief executive John Flint by "mutual agreement" just 18 months after he was appointed to the role, as the bank revealed plans to cut north of 4,000 jobs in a drive to lower costs and meet future profit targets.

Mr Flint's surprise exit followed reports of differences of opinion with Mark Tucker, HSBC's chairman, over the execution of his strategy.

Announcing first-half results for 2019, the bank said it planned to cut around 2pc of staff gl...