HSBC Appoints Liao, Rosha as Asia Co-CEOs to Replace Wong
- New leadership will help steer bank’s expansion in Asia
- HSBC shifts capital, executives to Asia to boost profitability
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HSBC Holdings Plc named David Liao and Surendra Rosha as co-chief executive officers of Asia Pacific, taking over from long-time regional boss Peter Wong to steer the bank’s expansion in its most pivotal region.
Liao, who was head of global banking Asia Pacific, and Rosha, formerly the CEO of HSBC India, will take over immediately and report to group CEO Noel Quinn, HSBC said in a statement. The 48-year-old Liao is a Hong Kong native, while Rosha, born in 1968, joined the bank in 1991 in India.