HSBC’s Revamp of Key Asia Division Costs Women Senior Roles
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A global overhaul at HSBC Holdings Plc has seen female executives in Asia lose out after the lender asked managers to reapply for senior roles in the combined corporate and institutional banking unit.
Two women, Christina Ma, head of global banking for Asia-Pacific, and Amanda Murphy, who’s in charge of commercial banking for South and Southeast Asia, were in the running to lead the merged unit for Asia and Middle East, according to people familiar with the matter. They both lost and Ma is leaving the bank.