HSBC’s Head of Corporates for Commercial Banking in H.K. Resigns
- HSBC veteran banker Wallace Lam likely to join rival bank
- Bank fighting to retain staff after cutting variable pay 20%
This article is for subscribers only.
Wallace Lam, head of corporates, commercial banking Hong Kong at HSBC Holdings Plc, is leaving the lender, according to people familiar with the matter.
Lam resigned last week and is currently on gardening leave and will likely be joining a competing bank in Hong Kong, one of the people said. The people asked not to be named discussing an internal matter.