Saturday, December 14, 2019
Martin Hennecke

HSBC's Asia risk chief calls it a day
<p>HSBC&#39;s (0005) chief risk officer for the Asia-Pacific region, Mark McKeown, who joined HSBC in 1976, will retire at the end of the year. He will be succeeded by Ed Jenkins from September.</p><p>The bank said McKeown&#39;s departure isn&#39;t linked to chief executive John Flint&#39;s recent exit after just 18 months in the job.</p><p>It is the third senior managerial leaving in the bank in one week, following the departure of its CEO John Flint, and Helen Wong Pik-kuen, the head of its Greater China business, who resigned last week.</p><p>HSBC said the group knew McKeown&#39;s retirement plan in April, and his leave was not associated with the other two&#39;s resignation.</p><p>The group revealed it repurchased 3.45 million shares in London on Friday for 21.63 million pounds (HK$204 million), as part of its repurchase plan of up to US$1 billion (HK$7.8 billion).</p><p>&nbsp;</p>
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