Margaret Leung to replace Or as Hang Seng CEO

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.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here