China s Ping An Insurance Group
Co the biggest Asian investor in HSBC PLC
did not support reappointing chief executive Noel Quinn
as a director to the banks board at the its shareholder meeting,
a.
(Reuters) - HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's shareholder meeting, Bloomberg News reported on Saturday.
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.
‘Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed a tiger stalking over the British bank’s hexagonal red logo a not-too-subtle signal of its ambitions to dominate the financial industry of what’s by some estimates now…
The bank is planting its sights more firmly on the ultra-rich in India, where the wealth held by billionaires has crossed $400 billion from $148 billion in 2016.It also plans to launch an onshore private banking service in the South Asian country this year