Hang Seng Bank has announced several changes to its senior executive lineup.
Dorothy Sit, currently vice chairman and chief executive of Hang Seng Bank (China) and non-executive director of Hang Seng Bank, has been re-designated as executive director of the bank as at 22 August 2013. On the same date, she also became head of the China business. With the change, Sit ceases to be the chief executive of Hang Seng China, but has retained her position as vice-chairman.
Also on the same date, Gordon Lam was installed as the new chief executive for China. Lam joined the company in January 2012 as head of business development, corporate and commercial banking and was then appointed deputy chief executive in March 2012. He worked for HSBC for over 20 years before that.
Hang Seng Bank has around 220 service outlets serving both personal and business clients, as well as branches in Shenzhen, Macau, Singapore and Taipei. It has around HK$1.2 trillion ($154 billion) in total assets as at 30 June 2013.