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HSBC CHAIRMAN TO RETIRE NEXT MAY.
AsiaPulse News, December, 2004
HONG KONG, Dec 7 Asia Pulse - After 37 years of service to the Hongkong and Shanghai Banking Corporation Limited (HSBC), David Eldon, 59, will retire as the HSBC chairman on May 24,2005, HSBC announced Monday.
He will also retire from the HSBC Holdings plc Board at the conclusion of its Annual General Meeting on May 27, 2005.
Eldon joined the HSBC Group in 1968 and became Chairman of Hang Seng Bank in 1998 and The Hongkong and Shanghai Banking Corporation in 1999.
Eldon will be succeeded as Chairman of the Hongkong and Shanghai Banking Corporation by Vincent Cheng, 56, on May 25, 2005.
Cheng, will be the first Chinese chairman of the HSBC in the banking group's history.
Cheng joined the HSBC Group in 1978, has been vice-chairman...
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