Wong is HSBC China chairman
By Zhang Fengming |
July 12, 2011, Tuesday
|
Print Edition
Print Edition
HSBC said yesterday it has appointed Peter Wong as chairman of HSBC Bank (China) Co Ltd, succeeding Vincent Cheng who retired from the post recently.
The appointment has obtained regulatory approval and is effective immediately.
Wong, 59, was born in Hong Kong and has three decades of experience in the banking sector.
"China is the growth engine of the global economy and a key focus of our emerging markets strategy," Wong said in an e-mailed statement. "We will continue to leverage our strong brand to build on our position as the leading international bank in China."
Besides the new post, Wong is also chief executive of the Hongkong and Shanghai Banking Corp, the Asia Pacific division of HSBC, group managing director of HSBC Holdings Plc and a member of its group management board.
He joined HSBC in 2005 and has held senior management posts, including deputy chairman and non-executive director of HSBC Bank China, since April 2007.
HSBC Bank China, headquartered in Shanghai, is the Chinese mainland subsidiary of HSBC. The lender is the biggest overseas bank in China in terms of network with 108 outlets on the mainland.
HSBC, Europe's biggest bank, plans to add up to 20 branches and open another four to six rural bank outlets on the mainland annually to deepen its roots in China, Wong said in May.
Wong was educated at Indiana University in the United States and holds a bachelor's degree in computer science, a an MBA in marketing and finance and a master of science in computer science.
The appointment has obtained regulatory approval and is effective immediately.
Wong, 59, was born in Hong Kong and has three decades of experience in the banking sector.
"China is the growth engine of the global economy and a key focus of our emerging markets strategy," Wong said in an e-mailed statement. "We will continue to leverage our strong brand to build on our position as the leading international bank in China."
Besides the new post, Wong is also chief executive of the Hongkong and Shanghai Banking Corp, the Asia Pacific division of HSBC, group managing director of HSBC Holdings Plc and a member of its group management board.
He joined HSBC in 2005 and has held senior management posts, including deputy chairman and non-executive director of HSBC Bank China, since April 2007.
HSBC Bank China, headquartered in Shanghai, is the Chinese mainland subsidiary of HSBC. The lender is the biggest overseas bank in China in terms of network with 108 outlets on the mainland.
HSBC, Europe's biggest bank, plans to add up to 20 branches and open another four to six rural bank outlets on the mainland annually to deepen its roots in China, Wong said in May.
Wong was educated at Indiana University in the United States and holds a bachelor's degree in computer science, a an MBA in marketing and finance and a master of science in computer science.
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