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Anita Fung joined HSBC in 1996. Photo: Edward Wong

HSBC’s Hong Kong head Anita Fung leaving amid reshuffle

Anita Fung Yuen-mei, chief executive of HSBC Hong Kong, is leaving the bank next month while the lender’s China head is taking up a new role.

Anita Fung Yuen-mei, chief executive of HSBC Hong Kong, is leaving the bank next month while the lender’s China head, Helen Wong, is taking up a new role in which she will oversee the mainland, Hong Kong and Taiwan operations.

The reshuffle was announced in a staff memo circulated on Thursday afternoon and obtained by the South China Morning Post.

It said Fung, who has been with HSBC since 1996 and was its first female Hong Kong head, is leaving to “pursue opportunities outside the group”.

Wong, who is now deputy chairman, president and chief executive of HSBC China, will assume the role of chief executive, Greater China.

“This is a newly created role to develop a more integrated Greater China strategy for HSBC, increase our international connectivity between Greater China and the Group, and deliver the Greater China growth opportunity more effectively to our clients globally,” said Peter Wong Tung-shun, chief executive, Asia Pacific, in the memo.

She is a senior figure in the region’s financial market and through her various industry roles has actively promoted the evolution of Hong Kong’s financial landscape, as well as that of other regional markets
HSBC internal memo

Helen Wong’s new role is subject to regulatory approval and will take effect from March 1. She will be based in Hong Kong and report to Peter Wong. She will be the acting chief executive of the Hong Kong office until Fung’s successor is appointed.

Fung took up the Hong Kong head role in 2011. She was then the head of global banking and markets, Asia Pacific.

Helen Wong has been a key figure promoting HSBC’s yuan business.

“She is a senior figure in the region’s financial market and through her various industry roles has actively promoted the evolution of Hong Kong’s financial landscape, as well as that of other regional markets,” Peter Wong said in the memo.

She has 30 years of banking experience in the Greater China and Asia-Pacific regions. She joined HSBC in 1992 and was appointed to her current position in 2010.

“Over the last four years, Helen has successfully led the expansion of our mainland China business, establishing HSBC as the largest foreign bank in China, and has played a key role in securing our leadership position in the internationalisation of the RMB,” Peter Wong said.

David Liao, now head of global banking and markets, HSBC China, will succeed Helen Wong as China head.

This article appeared in the South China Morning Post print edition as: HSBC’s Hong Kong head leaving
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