HSBC Private Bank unveils new North Asia CEO

In a surprise announcement, HSBC Private Bank revealed yesterday that it had promoted Bernard Rennell to chief executive officer for North Asia in a new role based in Hong Kong. Rennell, who will assume the post once the change receives regulatory approval, will come in above Desmond Liu, HSBC Private Bank’s present North Asia head, who will report to Rennell. It was only a year ago that Liu was being introduced to the market as part of a new regional leadership team on the back…