HSBC has suspended a senior executive pending an internal investigation into a presentation he made at an event last week, according to people with knowledge of the process.
Stuart Kirk, who is global head of responsible investing at the bank’s asset management division, accused central bankers and policymakers of overstating the financial risks of climate change in an attempt to “out-hyperbole the next guy”.
Over the weekend, chief executive Noel Quinn and Nuno Matos, head of HSBC’s wealth and personal banking business, sought to distance themselves from the comments in social media posts.
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