Laura Cha to take seat on board of HSBC Holdings

The former vice-chairman of China's CSRC is appointed to HSBC's global board in addition to her existing role as deputy chairman of the firm's Hongkong Bank unit.
Laura Cha
Laura Cha

Laura Cha, formerly with the Hong Kong Securities and Futures Commission and the first non-mainland Chinese to work with China’s securities regulator, has been appointed an independent non-executive director to the board of HSBC Holdings. She will take up the new position from March 1.

The appointment was announced by the bank on Friday. In the same statement, the London-headquartered lender also said that Vincent Cheng, who was chairman of HSBC’s Asia-Pacific business, The Hongkong and Shanghai Banking Corporation, until February 2010, will retire from the top board at the annual general meeting on May 28. Cheng, who is currently an executive director on the board, will also...

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