HSBC Replaces Top Executive in Asia
June 07 2021 - 1:57AM
Dow Jones News
By Elaine Yu
HONG KONG -- HSBC Holdings PLC on Monday said its Asia-Pacific
Chief Executive Peter Wong is retiring and it has appointed two
veteran bankers to take over the running of its business in the
region.
The London-headquartered banking giant named David Liao and
Surendra Rosha as Asia-Pacific co-CEOs with immediate effect,
giving them oversight of a business that is HSBC's biggest profit
generator.
Mr. Wong has moved to a nonexecutive role. He will serve as
chairman of HSBC Asia-Pacific, replacing Laura Cha, who is also
departing the board of HSBC Holdings. Ms. Cha chairs the board of
Hong Kong Exchanges & Clearing Ltd.
Write to Elaine Yu at elaine.yu@wsj.com
(END) Dow Jones Newswires
June 07, 2021 01:57 ET (05:57 GMT)
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