(Reuters) – HSBC stated on Monday that its Asia Pacific Chief Government Officer (CEO) Peter Wong will retire efficient instantly, and is to get replaced by David Liao and Surendra Rosha who will collectively run the area.
Liao, who was HSBC’s head of worldwide banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will proceed to run the area as a single entity and be primarily based in Hong Kong.
Wong has been CEO of Asia Pacific since February 2010. Final 12 months he sparked a backlash from the British and U.S. governments when he signed a petition backing China’s imposition of a nationwide safety regulation on Hong Kong, breaking years of neutrality for the UK-based, Asia-focused lender.
Wong is to turn out to be non-executive chairman of HSBC Asia Pacific, changing Laura Cha.
(Reporting by Rachel Armstrong, Enhancing by Himani Sarkar)
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