Margaret Leung, currently group general manager and global co-head of commercial banking at HSBC, will replace Raymond Or Ching-fai as chief executive of Hang Seng Bank in May.
Leung, who is 56, joined HSBC in 1978. She moved to Australia to help set up Hongkong Bank of Australia (now HSBC Bank Australia) in 1985. She returned to Hong Kong in 1988, and has held a variety of managerial positions in different areas of the bank, including credit and risk management, retail banking, international corporate accounts, corporate and investment banking, and commercial banking. She was appointed group general manager in 2005 and is responsible for the group's relationship with all middle market corporates and small and medium-sized enterprises in Asia-Pacific and the Middle East.
Leung is also a director of HSBC Global Asset Management (Hong Kong), Wells Fargo HSBC Trade Bank NA, and Swire Pacific.
Or plans to retire after the bank's next annual general meeting on May 6.
More on People
Head of clearing and risk understood to be moving into private practice
Dealer rejigs multi-asset group management with internal promotions
Gérardin replaces Papiasse, who stays, but focuses on "remediation plan"
Former SG Asia sales head Nicolas Reille joins Natixis in Hong Kong
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.