HSBC appoints new Indonesia country head

HSBC veteran Michael Young succeeds Rakesh Bhatia as the bank's Indonesia head in Jakarta.
Michael Young
Michael Young

HSBC has appointed Michael Young as its new country head and chief executive officer for Indonesia. He succeeds Rakesh Bhatia who has been in charge since June 2007.

“Young will be focused on ensuring that we meet the group’s expectations of Indonesia as one of our six core markets in emerging Asia,” Peter Wong, chief executive of HSBC unit The Hong Kong and Shanghai Banking Corp, said in a statement yesterday.

Young is currently deputy chief executive and chief technology and services officer for HSBC Turkey, where he has overseen operations covering 336 branches and offices in 65 cities and 6,400 employees.

He is an HSBC veteran, having joined the...

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