HSBC is intending to split leadership in its Asia-Pacific global banking segment. Two top executives of the bank – Stuart Lee and Dai Kitamura – will assume charge as Head of Global Banking Coverage for South Asia and interim Head of Global Banking Coverage for North Asia respectively. The development comes after David Liao, the former head of the business, was promoted to co-CEO for the region. Lee will relocate to Singapore. Kitamura, who is based in Hong Kong and is a candidate for the permanent role, will oversee all of global banking in the region until Lea relocates. HSBC also said in an internal memo that Peter Wong Tung-shun would retire from his role as Asia-Pacific CEO and step into a non-executive chairman’s role. The job has now been split between Liao and Surendra Rosha, who previously served as CEO of the bank’s India business.
