HSBC Plans to Split Oversight of Asia Between Two Co-Heads
- Plans to name David Liao and Surendra Rosha as Asia co-heads
- Lender has earmarked Asia as a market for investment
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HSBC Holdings Plc plans to split the job of overseeing its key Asian business as the bank’s regional boss Peter Wong prepares to step down from the role.
Europe’s largest lender plans to appoint Wong’s protege, David Liao, and the chief executive of its Indian business, Surendra Rosha, as joint heads of its Asian arm this year, people familiar with the matter said, asking not to be identified as details are private. Liao is likely to manage Greater China, while Rosha will oversee the rest of the region, one person said.