HSBC Names Haythorne, Liu as Asia-Pacific Co-Heads of Banking

HSBC Holdings Plc (HSBA), Europe’s largest bank, named Martin Haythorne and Liu Che-Ning as co-heads of banking for the Asia-Pacific region to replace Russell Julius, who’s moving to London.

Haythorne and Liu will assume their posts from Sept. 1, according to a memo obtained by Bloomberg News that was confirmed by Thomas Lau, a Hong Kong-based spokesman for HSBC. Julius will take on a newly created role as head of commercial banking origination, capital financing for Europe, the Middle East and Africa, the memo showed.

Haythorne, currently the bank’s deputy global head of banking role and global head of credit and lending, will relocate to Hong Kong from London to take up his new role. The 30-year HSBC veteran will retain his global banking position and continue to manage credit and lending until a successor is named, according to the memo.

Liu, 48, is currently head of banking for Greater China and will join the banking strategy committee. He joined HSBC from Morgan Stanley in 2009.

Both Haythorne and Liu will report to Robin Phillips, global head of banking, and to Gordon French, head of global banking and markets for the Asia-Pacific region, the memo said.

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net

To contact the editors responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net Darren Boey

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