HSBC is close to finding a successor to Peter Wong with two internal candidates in the frame to step up, according to sources.
The 69-year old is set to retire as CEO of HSBC in Asia and the bank is understood to have kicked off an informal search process earlier this year. Wong, who was instrumental in restoring HSBC’s standing in China after it faced censure for its role in a probe of Huawei Technologies by the US, has extended his tenure before and may yet stay on.
But sources within the bank say there is growing talk of a possible solution in time for the bank’s Annual General Meeting on May 28