HSBC is reportedly planning to split the top Asia Pacific role between to co-heads after the current regional chief steps down.
Peter Wong will be succeeded by existing top executives at HSBC David Liao and Surendra Rosha, according to a «Bloomberg» report citing unnamed sources.
Liao previously led the China business and is currently APAC head of global banking while Rosha is the chief executive of the India business.
Wong, current deputy chairman and APAC CEO, will shift to a non-executive chairman role as part of the transition.
Peter Wong
The succession will mark the end of Wong’s 11-year stint as HSBC’c APAC chief after he took on the role in February 2010.
The last few years in the role have been especially notable given the political unrest in Hong Kong and Wong’s public support for Beijing’s controversial national security law last year.
Born in Hong Kong, Wong has over four decades of financial services experience after starting his banking career with Citibank in 1980. He first joined HSBC in 2005 and was named deputy chairman in 2013.
