HSBC has named a new chief executive for Hong Kong, promoting an internal candidate to the top role for the city.

Luanne Lim has been appointed Hong Kong CEO at HSBC, according to a statement, effective yesterday. 

Lim has more than 25 years of banking experience, including as HSBC’s Hong Kong chief operating officer (COO) since 2017. Previously, she also worked at Bank of Singapore in various leadership roles focused on Asia markets including Hong Kong, mainland China, Indonesia Malaysia, Singapore and Vietnam.

Interim CEO

Lim was named interim CEO in mid-2021 to replace Diana Cesar, who was appointed as the successor to Hang Seng CEO Louisa Cheng, who was on a health leave before unfortunately passing away in October.

«[Lim] was the standout candidate for this role,» said HSBC APAC co-CEO David Liao. «Over the last six months, she has demonstrated a combination of natural leadership with a deep understanding of both the industry and how HSBC’s global aspirations fit within it.»