Friday, September 24, 2010

HSBC shares open 1.36 pct down on top management change

HONG KONG: Hong Kong-listed shares of HSBC Holdings Plc opened down 1.36 percent on Friday, Sept 24 as Europe's largest bank got set for a major management change.

HSBC shares opened at HK$80, versus a previous close of HK$81.10, when trading began in Hong Kong.

The company is set to replace Chief Executive Michael Geoghegan with Stuart Gulliver, head of its investment bank, and name its finance director as chairman, a person familiar with the matter told Reuters on Thursday. - Reuters


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