5th Apr 2019 06:59
LONDON (Alliance News) - HSBC Holdings PLC is looking for a new chief executive for its HSBC Global Asset Management unit, Sky News reported on Thursday.
HSBC Global Asset Management is the bank's USD450 billion funds arm. According to Sky, HSBC is looking to transform the unit into a global industry powerhouse – potentially through a merger or public listing.
The news agency, citing unnamed sources, reported that the new unit CEO will likely be recruited from outside HSBC to replace current chief Sridhar Chandrasekharan. Chandrasekharan, who has headed the business for eight years, will move to another senior role elsewhere in the group.
https://news.sky.com/story/hsbc-hunts-new-chief-for-450bn-asset-management-arm-11684013
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