HSBC announces portfolio changes that affect a number of Hong Kong-based jobs and creates a new commercial banking role.
The moves seem to be precipitated by the decision to elevate Conrado Engel to the role of chief executive officer and president of the bank's Brazil business. Engel is currently regional director of personal financial services for HSBC in Asia-Pacific, based in Hong Kong. He has held this position since early 2007 and was also appointed group general manager in mid-2008. This move takes Engel back to Brazil, where he was previously an executive director.
Meanwhile, Shaun Wallis, who has been CEO and president of HSBC Bank in Brazil since May 2008, is moving to Hong...
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