Anita Fung will step down from her current role as group GM and CEO of HSBC Hong Kong in mid-February to pursue opportunities outside HSBC after 18 years at the bank.
Helen Wong, currently group GM and deputy chairman, president and CEO of HSBC China, will step in as acting CEO of HSBC Hong Kong until a successor to Fung is announced.
Starting on 1 March, subject to regulatory approval, Wong will be promoted to the newly created role of CEO of HSBC Greater China, overseeing the group’s operations in Hong Kong, Taiwan and mainland China.
Wong, who joined HSBC in 1992, will also be charged with developing a more integrated and internationally minded Greater China strategy. She had led the expansion of HSBC in mainland China for the past four years.
In her new role, Wong will be based in Hong Kong and report to Peter Wong, deputy chairman and chief executive at HSBC Asia-Pacific.
David Liao, currently head of global banking and markets of HSBC China, will succeed Helen Wong as president and CEO of HSBC China in March, also subject to regulatory approval, and continue to report to Wong.
Source: Internal HSBC Hong Kong memo