Finance
HSBC Names Asia Country, Banking Heads in CEO’s Major Revamp
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HSBC Holdings Plc gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers.
Peter Kim was appointed head of banking on top of his chief executive officer role in Korea, effective March 1, while Tim Evans will fill the same double role in Vietnam, according to an internal memo seen by Bloomberg News. A spokesman for the bank confirmed the content of the memo.