HSBC’s chief executive Noel Quinn is to retire unexpectedly from the bank to “get a better balance” after what he described as an “intense” five years in the role.

The Personal Finance Society’s interim chair, Andy Briscoe, has quit the role after only six months.

The chief executive of the Financial Services Compensation Scheme Caroline Rainbird has left the organisation after four years in the top job.

CII group chair Helen Phillips has expressed “sadness” over the decision yesterday by PFS President Caroline Stuart to resign but has insisted that the CII will pursue its aim of taking control of the PFS board.