07:20 AM EDT, 05/31/2024 (MT Newswires) -- HSBC Holdings ( HSBC ) SBC plans to name a successor to Chief Executive Noel Quinn in the coming weeks, with the bank likely to draw a candidate from the company rather than an outsider, the Financial Times reported Friday, citing unnamed people familiar with the process.

The global bank's next leader could be picked before the end of July, the sources told the FT. Frontrunners include Chief Financial Officer Georges Elhedery and global wealth and personal banking head Nuno Matos, the sources said.

Quinn, who announced in April that he was stepping down, has said he will stay on during a transition period.

HSBC ( HSBC ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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