A demerger is HSBC s only way to solve its Hong Kong problem
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A demerger is HSBC s only way to solve its Hong Kong problem
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
HSBC sees 34% drop in profits from Covid impact
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HSBC looks to Asia as finance chief takes charge of dealmaking decisions
Ewen Stevenson takes charge of the bank s M&A strategy as it plans to accelerate growth in Asia
22 February 2021 • 3:42pm
HSBC s finance boss has been given a £150,000 pay rise after being handed the reins for dealmaking as the bank strives to boost its performance and expand operations in Asia.
Ewen Stevenson will be tasked with sealing future takeovers by the bank on top of his existing role. Sources told Sky News that his pay rise, which takes his base salary to almost £1.1m, will go to charity this year.