HSBC Holdings Appoints Jonathan Symonds Deputy Group Chairman
August 06 2018 - 2:46AM
Dow Jones News
By Ian Walker
HSBC Holdings PLC (HSBA.LN) said Monday that it has appointed
Jonathan Symonds as deputy chairman with immediate effect, and that
he will stand down as chairman of its subsidiary HSBC Bank PLC, but
continue as a senior independent director.
Earlier Monday, HSBC reported a 2.4% rise in first-half net
profit thanks to fees from money-management services, particularly
in Hong Kong.
The U.K. lender said net profit for the six months ended in June
increased to $7.17 billion from $7.00 billion. Profit before tax
rose 4.6% to $10.71 billion.
Revenue rose 4.3% to $27.29 billion from $26.2 billion on higher
margins on deposits and balance growth as well as favorable
currency effects, the bank said.
Kenan Machado contributed to this article.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
August 06, 2018 02:31 ET (06:31 GMT)
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