HSBC Holdings PLC named Barry O'Byrne interim CEO of global commercial banking, subject to regulatory approval.
O'Byrne takes over from Noel Quinn, who on Aug. 5 was appointed interim CEO of the British lender after it unexpectedly announced the departure of John Flint.
O'Byrne joined HSBC in 2017 as group general manager and COO of the global commercial banking division. He will now join the bank's group management board with his new role.
HSBC reported a year-over-year rise in first-half profit attributable to shareholders of the parent company to $8.51 billion from $7.17 billion.