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 Bond who noted, his outstanding contribution during a long career and the excellent shape he leaves the bank in.

Those that know Eldon well will readily agree that his diplomatic and...

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