HSBC confirms Asia, Middle East leadership under new structure

Amid its global restructure to four operating units, HSBC has confirmed a host of senior roles in Asia and the Middle East. 

The London-headquartered bank said that Luanne Lim and Diana Cesar will continue to lead HSBC Hong Kong and Hang Seng Bank. Maggie Ng, head of wealth and personal banking, Hong Kong, and Frank Fang, head of commercial banking, Hong Kong and Macau, will report directly to Lim covering retail & wealth distribution and the commercial banking businesses respectively. The business heads for Hang Seng Bank will report directly to Cesar.

In a December 5 announcement, the bank also confirmed that Selim Kervanci, who is currently chief executive of Turkey, will become chief exeuctive officer (CEO) of the Middle East from January 1, 2025, pending regulatory approval. Stephn Moss, HSBC’s head of Middle East, North Africa and Turkey, is leaving the business at the end of the year.

Hitendra Dave will remain India CEO; Kee Joo Wong will remain Singapore CEO; Mark Wang will remain mainland China CEO, and Mohammed Marzouqi will remain CEO for the United Arab Emirates.

HSBC’s Asia and Middle East operations are overseen by Asia Pacific co-chief executives David Liao and Surendra Rosha. Philip Fellowes will continue supporting Liao and Rosha with a focus on the Hong Kong business in his capacity as chief commercial officer, Asia and Middle East.

For the bank’s new arm, Corporate and Institutional Banking (CIB), Jo Miyake, interim CEO and chief commercial officer, HSBC Global Commercial Bamking, has been named head of banking, Asia and Middle East, overseeing client relationships and driving collaboration across regions and businesses. She will take up the position from January.

In addition, Sir Danny Alexander has become CEO of infrastructure finance and sustainability for CIB; he will be based in London. 

Also in Asia, Kai Zhang has been appointed as head of international wealth and premier banking, Asia. Zhang is currently head of wealth and personal banking (WPB) for South and Southeast Asia.

Annabel Spring CEO, global private banking and wealth, is leaving the bank at the end of the year to “pursue other opportunities”, while Nicola Moreau will continue as CEO, asset management, and Ed Mocreiffe as CEO, insurance. 

For the full list of changes at the bank made in the announcement, see here; the bank has been led by CEO Georges Elhedery since September 2 when he succeeded Noel Quinn. 

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