HSBC named Paul Skelton as regional head of commercial banking, Asia-Pacific on Wednesday replacing Noel Quinn whose new role has yet to be announced.
Quinn will be moving to another role within the group based in London, according to two people familiar with the transition. During his leadership, HSBC's commercial bank in Asia grew its balance sheet from about $80.1 billion in 2010 to $134 billion as of June according to the bank's financial statements.
Effective from October 1, British national Skelton will be responsible for leading all aspects of the commercial banking business across the markets in the region including global trade and receivables...
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