HONG KONG— HSBC Holdings PLC on Monday said its Asia-Pacific Chief Executive Peter Wong is retiring and it has appointed two veteran bankers to take over the running of its business in the region.
The London-headquartered banking giant named David Liao and Surendra Rosha as Asia-Pacific co-CEOs with immediate effect, giving them oversight of a business that is HSBC ’s biggest profit generator.
Mr. Wong has moved to a nonexecutive role. He will serve as chairman of HSBC Asia-Pacific, replacing Laura Cha, who is also departing the board of HSBC Holdings. Ms. Cha chairs the board of Hong Kong Exchanges & Clearing Ltd.
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