HSBC Names Maggie Ng as New Hong Kong CEO, Overhauling Top Leadership

HSBC has named Maggie Ng as the new Hong Kong CEO, succeeding Luanne Lim, who will take over as CEO of subsidiary Hang Seng Bank. Ng will retain her role as head of retail banking and wealth for Hong Kong. Diana Cesar will relinquish her role as Hang Seng Bank CEO and become vice chairman for Hong Kong at HSBC's Asian unit. The changes are part of CEO Georges Elhedery's efforts to streamline the lender.

HSBC Holdings PLC (HSBA.L) has announced significant leadership changes within its Asian operations. Maggie Ng has been named the new CEO of HSBC Hong Kong, succeeding Luanne Lim, who will take over as CEO of Hang Seng Bank (0011.HK). Ng will retain her role as head of retail banking and wealth for Hong Kong [1].

The appointment of Ng, who joined HSBC in 2020 to lead wealth and personal banking operations in Hong Kong, signifies a strategic shift aimed at streamlining the lender's operations under the leadership of CEO Georges Elhedery [1]. Ng brings extensive experience, having previously worked with Citi and Ernst & Young.

Luanne Lim, who has over 28 years of banking experience at HSBC, will assume the CEO role at Hang Seng Bank. This move is part of a broader restructuring effort, as Diana Cesar, who previously served as CEO of Hang Seng Bank from 2015 to 2021, will become vice chairman of HSBC's Hong Kong unit [1].

These changes come at a critical juncture for HSBC, as the bank aims to strengthen its position in the Asian market. The appointment of Ng and Lim reflects a commitment to fostering growth and stability within the group's key operations.

References:
[1] https://www.reuters.com/sustainability/boards-policy-regulation/hsbc-names-maggie-ng-hong-kong-ceo-predecessor-lead-hang-seng-bank-2025-09-04/