peter wong hsbc salary

He retired as CEO of HSBC Asia Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation, effective 7 June 2021. Offers may be subject to change without notice. Can it survive in a socially distanced world? Peter Wong There are 3 older and 37 younger executives at HSBC plc. Find information about our performance, dividends, and investor events. The battle for power within HSBC Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. He retired as CEO of HSBC Asia Pacific and became non-executive chairman of The Hongkong and Shanghai Banking Corporation, effective 7 June 2021. In particular, the result of who comes out on top can often tell you more about long term strategy and priorities than a month of Investor Days. 01:36 Hongkong and Shanghai Banking Corporation Limited Today is my first day as CEO of HSBC Australia. Peter Wong Our Standards: The Thomson Reuters Trust Principles. Mr Liao is the younger of the two and is head of APAC Global Banking, which includes the investment bank. Peter Wong said, It has been a tremendous honour to lead HSBC in the region and I am proud of the work we continue to do to open up a world of opportunities for our customers. WebThe HSBC International Employee Share Purchase Plan is an employee share purchase plan offered to employees in Hong Kong since 2013 and has been extended to further countries in the HSBC Group from 2014. on Hong Kong Island is also popular, with prices for four-bed houses with sea views at around $190k. Perched on the citys steep slopes, they are minutes from downtown. Peter Wong What is the S.T.A.R. Wong, who spent 16 years at HSBC, including 11 as Asia-Pacific CEO, said in an email sent to staff on Monday that focus on the needs of customers and teamwork would be key to success. According to one Italian business newspaper, The possibility is, however, fascinating to contemplate. Powered and implemented by Interactive Data Managed Solutions. Simply log into Settings & Account and select "Cancel" on the right-hand side. Hes Hong Kong born and UK educated perceived well by investors and analysts, but apparently rigid with Chinese government officials. WebPeter Wong Tung-shun, JP (Chinese: born November 1951, in British Hong Kong) is a Hong Kong banker associated with the HSBC and StanChart. The industry leader for online information for tax, accounting and finance professionals. HSBC But that will mean nothing if they are shut out of the U.S. financial system. As an international bank, HSBC depends on trading in U.S. dollars, the global reserve currency, and any threat to HSBCs ability to use U.S. currency would be disastrous for the bank, he said. Under Wongs leadership, the region has become an increasingly important part of HSBC. Protesters were unconvinced, and vandalized multiple retail outlets and ATM machines across the city during marches in late December and early January. David Liao and Mark Yunfeng Wang have been mentored by Mr Wong over the last few years hes delayed his retirement to ensure that HSBC has a deep enough bench to choose from. HSBC He brings extensive experience growing franchises and supporting clients during a transformative period for the economy and capital markets of China and Asia. Peter Wong, HSBC Deputy Chairman and Chief Executive for Asia Pacific, said Mr. FitzGeralds international banking experience and strong expertise in client relationship management will be invaluable to the bank. HSBC Asia Pacific announces retirement (Bloomberg), Shorts in the office, yes or no? Questions like, is HSBC a global bank with a Chinese franchise or vice versa? We support credit card, debit card and PayPal payments. David, formerly Head of Global Banking Asia Pacific, and Surendra (known widely by his last name, Rosha), formerly CEO of HSBC India, will share panregional leadership responsibilities that include jointly leading regional businesses and functions, embedding purpose, values and culture, developing leadership and talent and overseeing risk, capital and liquidity levels. Elsewhere, on the one hand you have a big Italian bank with M&A ambitions thats in need of a CEO; on the other hand you have Europes top banking M&A rainmaker sitting on the sidelines, who just happens to be Italian and to have a business plan for a European megabank in his desk drawer. Liao, formerly head of global banking Asia Pacific, and SurendraRosha,formerly CEO of HSBC India,will share pan-regionalleadership responsibilities, HSBC said. HONG KONGHSBC Holdings PLC on Monday said its Asia-Pacific CEO Peter Wong is retiring and it has appointed two veteran bankers to take over the running of its business in the region. Hongkong and Shanghai Banking Corporation Limited Throughout 2020, one of the biggest non-COVID stories worldwide has been the gradual crackdown on Hong Kong by the mainland Chinese state. See here for a complete list of exchanges and delays. Peter Wong (banker In February, the bank announced a restructuring plan to cut roughly 35,000 jobs. His net worth has been growing significantly in 2021-2022. These guys are senior, so I'd expect full rent and all school fees in HK, or US or UK depending on choice. Please dont call them veterans, that term refers to the former staff of less prestigious banks. journalists in 50+ countries covering politics, business, innovation, trends and more. 2023 Fortune Media IP Limited. David Liaos successor will be announced in due course. WebMore activity by Peter. Wong has been CEO of Asia Pacific since February 2010. So, how much is Peter Wong worth at the age of 71 years old? Less obvious what happens during the next big hurricane or for that matter after twenty years of sea level rise. We appreciate you taking the time to give us feedback. HONG KONGHSBC Holdings PLC on Monday said its Asia-Pacific CEO Peter Wong is retiring and it has appointed two veteran bankers to take over the running of its business in the region. Perched on the citys steep slopes, they are minutes from downtown. [2], He is one of the 124 members of Hong Kongs delegation to the Chinese People's Political Consultative Conference. For non-personal use or to order multiple copies, please contact Some of that might have vested in the meantime; if it was linked to the UBS share price then he will have lost about 10% on the stock but made back slightly more on the Swiss franc exchange rate. David and Rosha will be promoted to Group Managing Director and will join the HBAP Board as Executive Directors. In recent days, Londonbased Standard Chartered bank and the citys traditional trading houses Swire Pacific and Jardine Matheson have also pledged support for Beijings controversial policy. We have estimated Peter Wong's net worth , money, salary, income, and assets. HSBC Peter Wong HONG KONGHSBC Holdings PLC on Monday said its Asia-Pacific CEO Peter Wong is retiring and it has appointed two veteran bankers to take over the running of its business in the region. The fired Google engineer who thought its A.I. In 2019, those figures had grown to 49% and 90%, respectively. HSBC later said it suspended the account because it was not being used for its stated purpose. A month later, Hong Kong police froze $10 million in the Spark account and arrested four people affiliated with the organization for money laundering. offers FT membership to read for free. HSBC Gain a global perspective on the US and go beyond with curated news and analysis from 600 Mr Wongs endorsement of the Security Law last year was seen by many as a turning point in the democracy protests. Can Shell close the valuation gap with US rivals? FORTUNE may receive compensation for some links to products and services on this website. Taipan House eludes executives succeeding Peter Wong They also escape the senior managers' regime. Another expat banker said that golf or country club membership will likely be included because its seen as a sought-after perk in Hong Kong. Find the latest media releases, HSBC news, speeches and award wins. We use The Hongkong and Shanghai Banking Corporation, Chinese People's Political Consultative Conference, "HSBC appoints David Liao and Surendra Rosha as Co-Chief Executives for Asia Pacific", China has HSBCs taipan in a vice with few options but to fall in line with the security law for Hong Kong in the banks biggest market, HSBCs Asia chief backs China security law for Hong Kong, https://en.wikipedia.org/w/index.php?title=Peter_Wong_(banker)&oldid=1142634491, Members of the Election Committee of Hong Kong, 20072012, Members of the Election Committee of Hong Kong, 20122017, Members of the Election Committee of Hong Kong, 20172021, Members of the Election Committee of Hong Kong, 20212026, Members of the Chinese People's Political Consultative Conference, Articles containing traditional Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, 1996: Appointed as the Director of Operating, Services, and Sales for, 2000: Appointed as Chief Executive for Hong Kong of Standard Chartered Bank, 2010: Appointed as the first Chinese Asia Pacific CEO of The Hongkong and Shanghai Banking Corporation, This page was last edited on 3 March 2023, at 14:50.

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