HSBC Names New Hong Kong CEO, Overhauling Leaders in Top Market

HSBC Holdings Plc is reshuffling top leadership at its key Hong Kong unit, with Maggie Ng taking over as Hong Kong chief executive officer from Luanne Lim, who is assuming the top job at subsidiary Hang Seng Bank.

Ng will keep her current role as head of retail banking and wealth for Hong Kong, the London-based lender said in a statement. The change will be effective in October, subject to regulatory approval.