March 11, 2020 / 8:21 AM / 3 months ago

HSBC appoints new China chief executive

FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo

HONG KONG (Reuters) - HSBC (HSBA.L) (0005.HK) has appointed a new chief executive for its China business, a major focus for the bank, the latest in a series of senior management changes at the lender.

Mark Wang, currently head of HSBC’s China investment banking business will become China CEO, the bank said in a statement on Wednesday.

Current China CEO David Liao will move to another senior position in the group, the bank said.

Reporting by Alun John, editing by Louise Heavens

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