The move comes in the wake of HSBC’s lawyers urging a federal appeals court to not to reveal Michel Cherkasky’s reports.
In a telling development, Hong Kong-based AIA Group’s President and CEO has stated that he will be leaving the company to take up the role of a non-executive Group Chairman of HSBC Holdings Plc.
In a statement AIA said, Ng Keng Hooi, AIA’s Regional CEO, will succeed Tucker from September 1.
Tucker’s move was confirmed by HSBC in its statement.
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