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    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
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HSBC says Asia Pacific CEO Peter Wong to retire

06/07/2021 | 01:39am EDT
People walk past a branch office of HSBC in Seoul

(Reuters) - HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha who will jointly run the region.

Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to run the region as a single entity and be based in Hong Kong.

Wong has been CEO of Asia Pacific since February 2010. Last year he sparked a backlash from the British and U.S. governments when he signed a petition backing China's imposition of a national security law on Hong Kong, breaking years of neutrality for the UK-based, Asia-focused lender.

Wong is to become non-executive chairman of HSBC Asia Pacific, replacing Laura Cha.

(Reporting by Rachel Armstrong, Editing by Himani Sarkar)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HONG KONG EXCHANGES AND CLEARING LIMITED 0.10% 518 End-of-day quote.21.88%
HSBC HOLDINGS PLC 0.48% 398.25 Delayed Quote.5.07%
TOWNGAS CHINA COMPANY LIMITED 1.90% 4.82 End-of-day quote.37.71%
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Financials (USD)
Sales 2021 50 051 M - -
Net income 2021 10 362 M - -
Net Debt 2021 - - -
P/E ratio 2021 11,4x
Yield 2021 4,05%
Capitalization 113 B 113 B -
Capi. / Sales 2021 2,26x
Capi. / Sales 2022 2,17x
Nbr of Employees 222 550
Free-Float 98,2%
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Technical analysis trends HSBC HOLDINGS PLC
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Mean consensus HOLD
Number of Analysts 24
Last Close Price 5,54 $
Average target price 6,67 $
Spread / Average Target 20,4%
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Managers and Directors
Noel Paul Quinn Group Chief Executive Officer & Executive Director
Ewen James Stevenson Chief Financial Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
Steven C. van Wyk Chief Information Officer
John M. Hinshaw Group Chief Operating Officer
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