analyse how our Sites are used. He retired as CEO of HSBC Asia Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation, effective 7 June 2021. or So, how much is Peter Wong worth at the age of 71 years old? He retired as CEO of HSBC Asia Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation, effective 7 June 2021. Business Analyst, Strategic Transformation Program, 2023 Analytics & Sales Internship San Francisco, "Andrea Orcel is an excellent banker but his pay rise is extreme". technique - and why do banks like it? Meanwhile, fees for two children at the international school start at an average of HK$432k per year bringing the total for accommodation and education to more than HK$3m a year. university However, HSBCs Asia pivot has shown up clearly in its earnings. 2023 eFinancialCareers - All rights reserved, The banking version of Game of Thrones is often quite disappointing in terms of its visual appeal, but there can still be a lot of entertainment in a good old-fashioned. Powered and implemented by Interactive Data Managed Solutions. He brings extensive experience growing franchises and supporting clients during a transformative period for the economy and capital markets of China and Asia. I would also like to thank Peter for his extraordinary contribution to HSBC and for agreeing to continue to share his expertise as non-executive Chairman of HBAP. HSBC later said it suspended the account because it was not being used for its stated purpose. A month later, Hong Kong police froze $10 million in the Spark account and arrested four people affiliated with the organization for money laundering. According to one Italian business newspaper, The possibility is, however, fascinating to contemplate. Peter will stay in the house, said HSBC group CEO Noel Quinn. You are leaving HSBC.com. David Liao and Surendra Rosha have been appointed to succeed Wong, taking over the positionas co-chief executives withimmediate effect. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. heidi.ashley@hsbc.com, May Kek
HSBC Asia Pacific announces retirement Peter Wong (banker On Wednesday, HSBCs Asia-Pacific chief executive Peter Wong signed a petition in support of Beijings new national security law on the Chinese messaging platform WeChat, and the bank later issued a statement supporting the measure thats aimed at Hong Kong. The possibility is, however, fascinating to contemplate. Although Peter Wongs successor to the top job wont necessarily inherit his position on the HK delegation to the Chinese Peoples Political Consultative Conference, he (both the two internal candidates are men) will still be an important man in town. Terms & Conditions. He is from British Hong Kong.
HSBC Perched on the citys steep slopes, they are minutes from downtown.
Prices to rent a four-bedroom apartment on. He is from British Hong Kong. Peter Wong Tung-shun, JP (Chinese: born November 1951, in British Hong Kong) is a Hong Kong banker associated with the HSBC and StanChart. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.
Peter Wong The oldest executive at HSBC Holdings plc is Madam May-Lung Cha C.H.A., J.D., GBS, JP, BA, LLB, 71, who is the Advisor. +44 (0) 20 7992 2045 The pre-tax profit from Asia-Pacific in the first nine months this year represents 80 per cent of the total, compared with only 34 per cent in 2005 when Wong joined.
HSBC [3], In 2020, in a highly symbolic act that ended the bank's previous political neutrality, Wong signed a public petition supporting the Chinese leaderships creation of a far-reaching national security law for Hong Kong. Can Shell close the valuation gap with US rivals? Check if your So, how much is Peter Wong worth at the age of 71 years old? This will generate unprecedented opportunities both for the bank and for our customers. Liked by Peter Wong. Were pleased to announce the appointment of Wan Sze Loh as Head of Institutional Sales, Asia Pacific, with effect from 1 September 2022. Today, that position may be as precarious as ever. Endless possibilities, diverse outlooks. Whatsapp/Signal/Telegram also available. The police accused Spark of using the funds for personal gain, paying protesters, and other illegal activities., Spark denounced the accusations as a smear campaign orchestrated by Beijing. Since a lot of the actual money made in HSBCs Asian franchise is still denominated in or linked to the U.S. dollar, Beijing isnt the only opaque regulatory environment they have to worry about. Wong has been CEO of Asia Pacific since February 2010. For those preferring to escape the City, The Kadoorie Estate in Kowloon is an exclusive residential community that has long been one of Hong Kongs best kept secrets. cookies Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. WebPeter Wong Tung-shun, JP (Chinese: born November 1951, in British Hong Kong) is a Hong Kong banker associated with the HSBC and StanChart. Apartments in mid-levels Central are also popular among expats. (.
HSBC's Hong Kong relocation packages HSBC HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. Find thousands of job opportunities by signing up to eFinancialCareers today. He will also serve as an adviser to Group Chairman Mark Tucker and Group CEO Noel Quinn. Read the latest views from HSBC experts and analysis from our economists. Joshua Wong, a top pro-democracy activist in Hong Kong, denounced HSBCs decision Wednesday night in a statement on Twitter. Throughout 2020, one of the biggest non-COVID stories worldwide has been the gradual crackdown on Hong Kong by the mainland Chinese state. A five-bed, four bathroom 4000 sq ft apartment at Bowens Lookout is currently advertised at HK$280k per month.
Peter Wong David Liao and Surendra Rosha have been appointed to succeed Wong, taking over the position as co-chief executives with immediate effect. In his Facebook post from last Saturday, Leung said HSBC should consider which side of the bread is buttered as he advised the bank to support the national security law. We have estimated Peter Wong's net worth , money, salary, income, and assets. Liked by Peter Wong. We can only wonder what the cast of Industry will do with this trend if it catches on (it wont) (, Crypto investment banker Mike Novogratz got a tattoo of the Bitcoin logo a few weeks ago and promises hell get another one when the price reaches $500,000 (, Marty Chavez has joined Sixth Street Partners, an investment manager set up by fellow Goldman alumni. For every three shares in HSBC Holdings plc purchased by an employee (Investment Shares), a conditional award to acquire one Were pleased to announce the appointment of Wan Sze Loh as Head of Institutional Sales, Asia Pacific, with effect from 1 September 2022.
It'swhen you have a key operating division and two candidates with vastly different strengths and weaknesses, thatthings get interesting. HSBCs Asia Pacific chief executive Peter Wong will officially retire and serve as a non-executive chairman while his role is replaced by a dual appointment. He retired as CEO of HSBC Asia Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation, effective 7 June 2021. After working overseas for a number of years I have often reflected from afar that Australias. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. The pre-tax profit from Asia-Pacific in the first nine months this year represents 80 per cent of the total, compared with only 34 per cent in 2005 when Wong joined. He may be stepping down from his post, but it was reported that he will not be leaving the company. ), Excellent relocation packages for HSBC senior executives.
Peter Wong We believe HSBCs ability to help our customers navigate and capitalise on these developments within the region and beyond makes us the best partner for growth., Peter Wong said, It has been a tremendous honour to lead HSBC in the region and I am proud of the work we continue to do to open up a world of opportunities for our customers. These guys are senior, so I'd expect full rent and all school fees in HK, or US or UK depending on choice. Under Wongs leadership, the region has become an increasingly important part of HSBC. Elsewhere, on the one hand you have a big Italian bank with M&A ambitions thats in need of a CEO; on the other hand you have Europes top banking M&A rainmaker sitting on the sidelines, who just happens to be Italian and to have a business plan for a European megabank in his desk drawer. David Liao and Surendra Rosha have been appointed to succeed Wong, taking over the position as co-chief executives with immediate effect.
Peter Wong HSBC Asia Pacific announces retirement HONG KONGHSBC Holdings PLC on Monday said its Asia-Pacific CEO Peter Wong is retiring and it has appointed two veteran bankers to take over the running of its business in the region. Peter Wong, HSBC Deputy Chairman and Chief Executive for Asia Pacific, said Mr. FitzGeralds international banking experience and strong expertise in client relationship management will be invaluable to the bank. Please be aware that the external site policies, or those of another HSBC Group website, may differ from our website terms and conditions and privacy policy. He may be stepping down from his post, but it was reported that he will not be leaving the company. Through it all, the unwavering focus on the needs of our customers and tight teamwork and collaboration have been central to our success and will ensure HSBCs future growth. Questions like, is HSBC a global bank with a Chinese franchise or vice versa? WebPeter Wong Tung-shun, JP (Chinese: born November 1951, in British Hong Kong) is a Hong Kong banker associated with the HSBC and StanChart. Hes Hong Kong born and UK educated perceived well by investors and analysts, but apparently rigid with Chinese government officials.
HSBC says Asia Pacific CEO Peter Wong We use FORTUNE may receive compensation for some links to products and services on this website. Even before HSBCs statement Wednesday, Hong Kongs pro-democracy camp speculated that HSBC is swayed by Beijings interests, an accusation the bank denies.
The battle for power within HSBC For non-personal use or to order multiple copies, please contact There are 3 older and 37 younger executives at HSBC plc. But HSBCs most recent move could ensnare it even further in the Hong KongBeijing feud thats extended to the U.K. and the U.S., where the bank operates and where governments oppose the national security law. HSBC appoints the widely anticipated internal successors of Peter Wong ex-APAC global banking head David Liao and ex-India CEO Surendra Rosha according to a statement. All Rights Reserved. Note: HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content. Joshua Wong, a top pro-democracy activist in Hong Kong, denounced HSBCs decision Wednesday night in a statement on Twitter.
Peter Wong Im looking forward to taking up my new role as HBAP Chairman, and am proud to have David and Rosha drive the next phase of growth in the region.. Quinn noted that HSBC had no mandatory retirement age and that Wong, who runs 70 in November, stepped down from the top role in the region entirely based on his own personal decision. We support credit card, debit card and PayPal payments. HSBC says Asia Pacific CEO Peter Wong to retire | Reuters Make sense of the market with highlights of the latest news and trends in global financial markets. David Liao and Mark Yunfeng Wang have been mentored by Mr Wong over the last few years hes delayed his retirement to ensure that HSBC has a deep enough bench to choose from. HSBC today announces that David Liao and Surendra Rosha have been appointed Co-Chief Executives of HSBC Asia Pacific, taking over from Peter Wong with immediate effect. Peter Wong said, It has been a tremendous honour to lead HSBC in the region and I am proud of the work we continue to do to open up a world of opportunities for our customers. Hitendra Dave was named interim CEO of HSBC India and will permanently take over the role following regulatory approval. Please dont call them veterans, that term refers to the former staff of less prestigious banks. Peter Wong said, It has been a tremendous honour to lead HSBC in the region and I am proud of the work we continue to do to open up a world of opportunities for our customers. WebMore activity by Peter. Please dont call them veterans, that term refers to the former staff of less prestigious banks. American Airlines and its flight attendants union on Friday jointly applied for federal mediation in contract negotiations. Build your career at HSBC. In this role, he was responsible for directly managing overall client relationships across sectors, overseeing regional product teams, and managing first line risk, including Credit, Reputational and Financial Crime. Mr Liao is the younger of the two and is head of APAC Global Banking, which includes the investment bank. One former HSBC banker said the expat package is superior and covers housing and schooling as well as shipping costs for personal belongings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Indosuez Loses Senior Banker in Singapore, US Law Firms Pounce on Lehmann's Outflow Comments, Julius Baer Names Greater China Group Head, Citi Appoints APAC Head of New Banking Unit, David Liao and Surendra Rosha, APAC co-CEOs, HSBC, HSBC Investors Demand Vote on Spin-Off, Dividends, HSBC Beats Target With Additional Tier 1 Bond, HSBC Plans to Shed Private Offices in Hong Kong, Singapores Big Three Banks Deliver Profit Hat-Trick, HSBC's Asia Profit Share Up Amid Regional Pivot, Credit Suisse's Quick Fixes Won't Do the Job, Singapore Raises Threshold for Investor Program, Fidelity Launches First Retail Fund in Mainland China, Julius Baer: Full Hiring Pipeline in Asia, Sothebys Grabs Retail Space for New Hong Kong Auction House. HSBC appoints the widely anticipated internal successors of Peter Wong ex-APAC global banking head David Liao and ex-India CEO Surendra Rosha according to a statement. Although hes described as at ease with officials and able to navigate Chinas opaque regulatory environment, both of which sound a little euphemistic, hes also an investment banker, having been a bond and FX trader in the 80s and worked for Deutsche before joining HSBC. personalising content and ads, providing social media features and to
HSBC Taipan House eludes executives succeeding Peter Wong As chair of Hong Kongs original bank, Wong will maintain his status among Hong Kongs taipans the citys most revered businessmen. (Financial News), Saving 10% on state income taxes, much more on housing and having plentiful golfing and beaches the attractions of Wall Street South in the Brickell neighbourhood of Miami are obvious. Mr Wongs endorsement of the Security Law last year was seen by many as a turning point in the democracy protests. The updated policy will support the transition towards a net zero future by 2050 or sooner. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices We can only wonder what the cast of Industry will do with this trend if it catches on (it wont) (FT), Crypto investment banker Mike Novogratz got a tattoo of the Bitcoin logo a few weeks ago and promises hell get another one when the price reaches $500,000 (Bloomberg), Marty Chavez has joined Sixth Street Partners, an investment manager set up by fellow Goldman alumni. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Liked by Peter Wong. WebThe HSBC International Employee Share Purchase Plan is an employee share purchase plan offered to employees in Hong Kong since 2013 and has been extended to further countries in the HSBC Group from 2014. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. What is the S.T.A.R.
HSBC Last year he sparked a backlash from the British and U.S. governments when he signed a petition backing China's imposition of a national security law on Hong Kong, breaking years of neutrality for the UK-based, Asia-focused lender. Today is my first day as CEO of HSBC Australia. The pandemics social-distancing measures that quelled protests in early 2020 provided a temporary reprieve for HSBCs Hong Kong locations, but the demonstrations have resurged in the wake of Beijings national security law. [1] He holds a BComm degree from the University of Calgary in Canada, a masters degree in computer science and another master's degree in marketing and finance from Indiana University in the United States. And often the most intriguing power plays take place slightly below the C-suite. Prior to that he was Head of Financial Institutions Group for Asia-Pacific.
Peter Wong HSBCs Asia Pacific chief executive Peter Wong will officially retire and serve as a non-executive chairman while his role is replaced by a dual appointment. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. David Liaos successor will be announced in due course. HSBC says Asia Pacific CEO Peter Wong to retire | Reuters Make sense of the market with highlights of the latest news and trends in global financial markets. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Weve entered into an agreement with Royal Bank of Canada. Gain a global perspective on the US and go beyond with curated news and analysis from 600 The possibility is, however, fascinating to contemplate. 2023 Fortune Media IP Limited. All quotes delayed a minimum of 15 minutes. There are 3 older and 37 younger executives at HSBC plc. WebPeter Wong Tung-shun, JP (Chinese: born November 1951, in British Hong Kong) is a Hong Kong banker associated with the HSBC and StanChart. technique - and why do banks like it? In 2019, those figures had grown to 49% and 90%, respectively. When asked to elaborate on the banks stance, a spokesperson for HSBC on Thursday said it doesnt have any further comments at this time. All Rights Reserved. HSBCs Asia Pacific CEO Peter Wongis retiring from his position and will become anon-executive chairman of The Hongkong and Shanghai Banking Corporation (HBAP). (, Saving 10% on state income taxes, much more on housing and having plentiful golfing and beaches the attractions of Wall Street South in the Brickell neighbourhood of Miami are obvious. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings.
HSBC Peter Wong, who was previously the bank's top executive in Asia, has become chairman of HSBC Asia Pacific and adviser to the bank's chairman Mark Tucker and chief executive Noel Quinn. HSBC has some company houses, butliving in Hong Kong is expensive with rental prices four or five times more than in other foreign cities, although with some expats heading home, they are lower than they have been. Compare Standard and Premium Digital here. The potential and pitfalls of Central Bank Digital Currencies, Investor information in Chinese - , HSBC appoints David Liao and Surendra Rosha as Co-Chief Executives for Asia Pacific, Shanghai Administration for Industry & Commerce. organisation Peter Wong is 68, he's been the Group Managing Director; Deputy Chairman and Chief Executive Officer - The Hongkong and Shanghai Banking Corporation Limited of HSBC plc since 2015. The move was understood as politically necessary to avoid punitive action against the bank by Beijing but drew widespread international and local Hong Kong criticism.[3][5]. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Other names in the frame according to similarly sourced rumours are apparently Tidjane Thiam and Martin Blessing. Last year, Quinn had called the banks performance in the U.S. and Europe unacceptable.. His net worth has been growing significantly in 2021-2022. As of 2018, according to the, With a rent bill that presumes a lot of extremely wealthy footfall and the prospect of further lockdowns and permanent work-from-home policies, some of the worlds poshest niche retailers and sandwich shops are giving up in the City of London (, While fending off questions about Ralph Hamers investigation, Axel Weber suggests that there are plenty of candidates to replace he himself after his last year as UBS chairman, but that the bank probably wont be doing any mega deals while the new leadership team beds in. There are 3 older and 37 younger executives at HSBC plc. Peter Wongs income source is mostly from being a successful .
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