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  1. Magazines - Style

    Anita Fung: The HSBC chief executive who broke through the glass ceiling

    Posted Oct 09th 2012, 12:00pm by Jane Moir

    ... HSBC's first female CEO for Hong Kong in September last year, she inherited a hot seat. The lender had just announced 3,000 job cuts in Hong Kong and the pressure was on to ramp-up ... at HSBC, being the group's flagship business," she says.  She derives a certain amount of pride at being a home-grown talent, given the bank's 150-year history in the city. ...

  2. Streamlined HSBC ready to hire again

    Posted Aug 01st 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC Asia Pacific is close to completing planned staff reductions as well as the sale of non-core businesses and now plans to hire new employees in some areas, ... thanks to fast-developing markets including Hong Kong and the mainland. But there have been big layoffs, which have drawn fire from trade unions. In August last year, HSBC said it would sell off ...

  3. HSBC top yuan forex house in London, it says

    Posted May 24th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC said it has established itself as the largest yuan foreign exchange house in London, the world's largest foreign exchange centre, which is now ... Kong's yuan plans, said HSBC Hong Kong chief executive Anita Fung. Her comments came as representatives from the Hong Kong Monetary Authority and seven banks met the British Treasury and other ...

  4. More cuts feared as HSBC speeds up lay-off plans

    Posted Feb 24th 2012, 12:00am

    ... HSBC is accelerating plans to lay off 3,000 Hong Kong staff, raising concerns it is preparing further jobs cuts in the future. The city's largest lender said lay-offs announced in September would be completed by the end of the second quarter rather than the end of next year. 'If HSBC has accelerated its Hong Kong lay-off programme by two years, the chances ...

  5. HSBC set for 24pc profit rise amid jobs cull

    Posted Feb 25th 2012, 12:00am

    ... Lulu Chen and Ada Lee HSBC is expected to announce a solid rise in earnings on Monday, even as it plans to slash more jobs to slim down and beef up margins. Net profit for 2011 could have ... HSBC's rise in profits was also expected to be helped by an accounting gain on the revaluation of its own debt, analysts said. Daniel Shum, an analyst at Nomura Securities, said the lender ...

  6. HK chief of HSBC quits to join BlackRock

    Posted Sep 10th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Mark McCombe, HSBC Holdings' Hong Kong chief executive, has resigned to join asset management firm BlackRock as chairman of its Asia-Pacific region. The news came after HSBC said it will slash 3,000 jobs - 10 per cent of its staff - in the city over three years. HSBC said the job cuts, some of which would come through attrition, were being made ...

  7. Protest over HSBC job cuts plan

    Posted Sep 09th 2011, 12:00am

    ... Stuart Lau, Martin Wong and Lulu Chen Celebrating its contribution to helping the needy in Hong Kong over the past 30 years on one side of its headquarters in Central yesterday, HSBC faced stern criticism from protesters on the other side over its plan to lay off 3,000 people. Several senior managers, including HSBC Asia-Pacific chief executive Peter Wong Tung-shun, suddenly ...

  8. HSBC revises down HK growth outlook

    Posted Nov 02nd 2011, 12:00am

    ... Anita Lam and May Chan anita.lam@scmp.com HSBC is slashing Hong Kong's economic growth forecasts for both this year and the next as economists warn the euro-zone debt crisis ... year to 4.5 per cent from 5.4 per cent. 'Hong Kong exports slowed quite shockingly and that will hamper the important logistics sector,' said Frederick Neumann, HSBC's co-head ...

  9. This cash is trash as HSBC fixes design flaw

    Posted Jul 25th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com HSBC says it will bear all the costs of rectifying a problem with the design of its new HK$100 banknotes, which were due to go into circulation ... is on the right. HSBC, the Monetary Authority and the government issued a joint statement yesterday to apologise for the mistake, which was pointed out by members of the public after the authority ...

  10. HSBC veteran takes mainland reins

    Posted Jul 12th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com HSBC Asia-Pacific chief executive Peter Wong Tung-shun has taken on an additional role as chairman of mainland subsidiary HSBC Bank (China). Wong replaces ... which will be one of the fastest growing markets for HSBC,' Tse said. 'China has an increasing number of wealthy clients nowadays who want to have good investment products to preserve ...




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