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The chair of HSBC Innovation Banking has stepped down in the latest sign of a boardroom reshuffle at the firm formerly known as Silicon Valley Bank UK. Darren Pope, who had been a director of the bank since 2021, formally resigned at the beginning of last week, according to company filings. The 58-year-old, who also serves as a board member of Virgin Money and previously worked at Lloyds, is to be replaced by Mridul Hegde, is an existing independent non-executive director at HSBC Innovation Banking UK and its parent HSBC UK, where she chairs the risk committee.
Global bank HSBC announced Tuesday the shock departure of chief executive Neil Quinn, who will retire after overhauling the group in an "intense" five-year tenure weathering a Covid fallout, simmering geopolitics, and shareholder pressure to spin off Asia assets.Quinn led last year the effort to repel a bid by major shareholder Ping An to spin off its Asia assets, with the proposal eventually voted down by shareholders.