HSBC APPOINTS 14 NEW GROUP GENERAL MANAGERS
The new Group General Managers based in Asia are:
· Simon Cooper, President and CEO, HSBC in Korea
· Conrado Engel, Head of Personal Financial Services, Hong Kong
· David Fried, Regional Head of Insurance Asia-Pacific, Hong Kong
· Anita Fung, Treasurer and Head of Global Markets, Asia-Pacific
· Richard Yorke, President and CEO, HSBC Bank (China)
In early 2005, HSBC had around 250,000 employees with six Group Managing Directors and 29 Group General Managers. In early 2008, we have over 330,000 employees with 10 Group Managing Directors and 26 Group General Managers. Today's move aims to rebalance the proportionate size of HSBC’s top management team.
Other Group General Managers appointed today are:
· Samir Assaf, Head of Global Markets, UK
· Richard Beck, Group Communications Director, UK
· John Coverdale, Managing Director SABB, Saudi Arabia
· Abdel Salam El Anwar, Chairman & CEO HSBC Bank, Egypt
· Mukhtar Hussain, CEO, Global HSBC Amanah & Global Banking and Markets Middle East and North Africa, Dubai
· Andrew Long, Head of Global Transaction Banking, UK
· Antonio Losada, President and CEO, HSBC Bank Argentina and Deputy CEO, Argentina
· Mark McCombe, Global CEO, HSBC Global Asset Management, UK
· Luis Pena, Chief Executive HSBC Bank, Mexico
Media enquiries:
Gareth Hewett +852 2822 4929 garethhewett@hsbc.com.hk
Vinh Tran +852 2822 4924 vinhtran@hsbc.com.hk
1. HSBC in Korea
HSBC has had a continuous presence in Korea for over 110 years. It first entered the Korean market in 1897 in Jemulpo (Incheon), and returned in 1982 by opening a branch in Busan. Today, HSBC has 11 branches and five commercial banking centres, employing over 1,350 people. HSBC is one of the largest investors amongst foreign banks in Korea. Total assets of HSBC in Korea are KRW17,904 billion as of 31 December 2007.
