HSBC announces new Asia CEO

Following the unexpected departure of Michael Smith, the bank's head for Latin America and the Caribbean, Sandy Flockhart, takes the helm in Asia.

HSBC is relocating Sandy Flockhart, president and group managing director in Latin America and the Caribbean, from Mexico to Hong Kong to take on its senior most operating position in Asia.

In his Latin American role, Flockhart helped to build a business comprising 4,000 offices in 14 countries which contributed $1.7 billion to group profits last year.

Flockhart has held the position for less than a year, suggesting HSBC was...

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