HSBC appoints new head

HSBC has appointed Anita Fung as Head of Global Banking and Markets, Asia-Pacific, with immediate effect.

In her new role, Ms Fung will be responsible for Global Banking and Markets and also Global Asset Management across the region.

Ms. Fung will report locally to Peter Wong, Chief Executive of the Hongkong and Shanghai Banking Corporation, and functionally to Robin Phillips and Samir Assaf for Global Banking and Markets, as well as John Flint for Global Asset Management.

Wong said: "Asia-Pacific is a key focus of our emerging markets-led and financing-focused strategy and an important driver of growth for Global Banking and Markets.

Anita has further strengthened our Asian franchise by successfully integrating global products onto the regional platform, enabling us to build market share, deliver more solutions to our clients and enhance our leadership position in Asia."

Frank Slevin, Managing Director, Head of Global Banking, Asia-Pacific and Rudolf Apenbrink, Chief Executive Officer of HSBC Global Asset Management, Asia-Pacific, will report locally to Anita in addition to their functional reporting lines to headquarters in London.

Gordon French, Managing Director, Sales and Regional Treasury Management, Asia-Pacific of Global Markets will succeed Anita Fung as Head of Global Markets, Asia-Pacific, with immediate effect.

He will report locally to Ms Fung and functionally to Samir Assaf.