March 13, 2017 / 1:41 AM / 6 months ago

Shares of HSBC set to rise 1 percent after new chairman appointed

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

HONG KONG (Reuters) - The Hong Kong-listed shares of HSBC Holdings were set to rise 0.95 percent on Monday after Europe’s biggest bank said AIA Group Ltd Chief Executive Mark Tucker had been appointed as its chairman, replacing Douglas Flint.

HSBC’s shares were set to rise 0.95 percent to HK$63.60, while AIA was set to fall 2.8 percent.

Reporting by Anne Marie Roantree; Editing by Stephen Coates

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