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Finance

HSBC chooses duo to lead Asia growth charge as Wong bows out

Bank's longtime regional chief credited with smoothing relations with China

Peter Wong in 2019. Wong has stepped down as head of HSBC's business in Asia.

HONG KONG -- HSBC Holdings' decision to anoint joint chiefs for Asia underlines the importance of the bank's pivot to the region -- and the role played by outgoing head Peter Wong in the past decade to bring the U.K.-headquartered bank closer to its Asian roots.

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