-- UniCredit Chief Executive Jean Pierre Mustier has taken himself out of the running to be the next CEO of HSBC, the Financial Times reports.

-- Mr. Mustier was identified as the preferred external candidate by HSBC's board of directors, FT says.

-- Mr. Mustier told HSBC Chairman Mark Tucker in a phone call Sunday that he was no longer interested in the job and had decided to stay at UniCredit, according to the FT.

-- HSBC's board has been searching for a permanent leader since August, after ousting former head John Flint and installing Noel Quinn as interim CEO.

 

Full story: https://on.ft.com/32kfxR2

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

February 24, 2020 00:59 ET (05:59 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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