HSBC in senior management reshuffle

David Eldon announces retirement and senior management changes ensue, along with a key hire.

In recent weeks there has been much speculation about senior management roles at HSBC and Hang Seng Bank thanks to David Eldon's pending retirement. These speculations were finally put to rest last night with the announcement of a succession plan.

Eldon - who joined HSBC after it acquired the British Bank of the Middle East - will step down next May after 37 years of service. His career was lauded by HSBC global head, Sir John...

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