HSBC appoints new President and CEO in Korea


HONG KONG/SHANGHAI (HSBC) - The Hongkong and Shanghai Banking Corporation Limited has appointed Simon Cooper as President and CEO of HSBC in Korea, effective 1 April 2006. He replaces Rick Pudner, who will resign from HSBC on 31 March 2006 to take up a new appointment.

Mr Cooper is currently Head of Corporate and Investment Banking in Singapore. He first joined HSBC in 1989 in the Group's investment banking unit in London. In 1996, he was transferred to Singapore as Director of Corporate Finance for HSBC Investment Bank Asia Limited. After five years in Singapore, he moved to Thailand in 2001 to take up the post of Head of Corporate and Investment Banking. After 12 months, he was promoted to Deputy CEO of HSBC in Thailand. In January 2004, he moved back to Singapore to his take up his current position.

Mr Pudner has held a variety of posts during his 26 years with the HSBC Group including Head of Corporate and Institutional Banking for HSBC Bank Middle East and Senior Manager Business Strategy for HSBC's European Payments and Cash Management business.

Michael Smith, President and CEO of The Hongkong and Shanghai Banking Corporation Limited, said: "We thank Rick for his many years of service and contribution to the HSBC Group and wish him well for the future. Simon is highly qualified to lead HSBC's business growth in Korea in the years to come."

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