China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday,

HSBC Holdings Plc’s largest shareholder voted against the reappointment of departing Chief Executive Officer Noel Quinn as a director, suggesting its disruptive campaign against the lender hasn’t yet run its course.

The insurer’s vote against the re-election of the chief executive follows the shareholder’s demands for the bank to spin off its operations in the East

HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's shareholder meeting,