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HSBC HOLDINGS Reportedly Asks Some Asian Mkt Heads to Take on Other Duties to Streamline Mgmt
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HSBC HOLDINGS (00005.HK) asked some of its Asian market heads to take on additional responsibilities in a bid to streamline and remove management layers, according to Bloomberg. Peter Kim, CEO of HSBC Korea, and Tim Evans, Chief Executive Officer of HSBC Vietnam, will also take on other responsibilities, with Kim taking on responsibility for HSBC HOLDINGS' banking business, the report quoted internal announcement as saying. In addition, HSBC HOLDINGS' chief executive officers in Malaysia, Thailand and Taiwan will take on dual roles. AAStocks Financial News |
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