HSBC names Peter Wong as chairman of HSBC China

HONG KONG, July 11 Mon Jul 11, 2011 3:55am EDT

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HONG KONG, July 11 (Reuters) - HSBC Holdings Plc , Europe's largest bank, said on Monday that it has appointed Peter Wong as chairman of HSBC Bank (China) Co Ltd with immediate effect.

Wong replaced Vincent Cheng, who retired from the position recently, HSBC said.

Wong was currently chief executive of Hongkong and Shanghai Banking Corp Ltd, group managing director of HSBC Holdings and a member of its group management board, it said.

Wong, who joined HSBC in 2005, has held senior management roles including deputy chairman of HSBC China since April 2007. He was also chairman of the Hong Kong Association of Banks in 2001, 2004, 2006 and 2009. (Reporting by Xavier Ng; Editing by Chris Lewis)

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