HSBC's Hong Kong Unit Adds Public Sector Vet to Board
A public sector veteran has joined the Hong Kong subsidiary of London-headquartered HSBC as a board member.
The Hongkong and Shanghai Banking Corporation Limited – HSBC’s Hong Kong subsidiary – has appointed Fred Lam as a non-executive director of the board, according to a statement. He will also join as a member of the bank’s remuneration committee and risk committee.
Lam has nearly 40 years of experience in public services and has been chairman of the Airport Authority Hong Kong (AAHK) since June 2024. Previously, he was CEO of AAHK from 2014 and 2024. He also served in various government and statutory bodies, including the Hong Kong Trade Development Council and the Hong Kong government’s Lantau Development Advisory Committee.
«Building on 160 years of experience in the region, HSBC's strategy in Asia is aligned to the biggest opportunities to create further shareholder value. We are delighted to welcome Fred to the Board. His strong leadership and extensive experience in global trade is invaluable for us to enhance our profitability for all stakeholders,» commented chairman Peter Wong.
