BIOGRAPHICAL DETAILS OF DIRECTORS
* Dr Raymond Kuo Fung CH’IEN Chairman of the Federation of Hong Dr Ch’ien received a doctoral degree GBS, CBE, JP Kong Industries. Dr Ch’ien was an in economics from the University of Chairman independent non-executive Director Pennsylvania in the USA in 1978 and Dr Ch’ien, aged 57, is an independent of HSBC Holdings plc from 1998 to became a Trustee of the University non-executive Chairman of the 2007, and Group Managing Director in 2006. Bank. He has been a Director of of Lam Soon Hong Kong Group the Bank since August 2007. He from 1984 to 1997. From 1992 to Mr OR Ching Fai Raymond JP Vice-Chairman and Chief Executive is Chairman of CDC Corporation 1997, he served as a member of the (Listed on NASDAQ) and Chairman Executive Council of Hong Kong, then Mr Or, aged 59, is Vice-Chairman of its Hong Kong listed subsidiary, under British Administration. He then and Chief Executive and a Member China.com Inc. He is also Chairman served as a member of the Executive of the Executive Committee of the of MTR Corporation Limited and Council of the HKSAR from July 1997 Bank. He has been a Director of HSBC Private Equity (Asia) Limited. Dr to June 2002. Dr Ch’ien was formerly the Bank since February 2000. He Ch’ien serves on the boards of The Chairman of the Advisory Committee is a Director of The Hongkong and Hongkong and Shanghai Banking on Corruption of the Independent Shanghai Banking Corporation Corporation Limited, Inchcape plc, Commission Against Corruption, Limited; Chairman of Hang Seng Convenience Retail Asia Limited, The Hong Kong/Japan Business Bank (China) Limited, Haseba The Wharf (Holdings) Limited and Cooperation Committee, the Industry Investment Company Limited, Hang Swiss Reinsurance Company. He is and Technology Development Seng Insurance Company Limited also Chairman of the Hong Kong/ Council and the Hong Kong Industrial and Hang Seng Life Limited; and a European Union Business Cooperation Technology Centre Corporation Director of Barrowgate Limited. He Committee; a Hong Kong member Limited. Dr Ch’ien was appointed is also a Director of Cathay Pacific of the APEC Business Advisory a Justice of the Peace in 1993 and Airways Limited, Esprit Holdings Council; a member of the Standing awarded a Commander in the Most Limited and Hutchison Whampoa Committee of the Tianjin Municipal Excellent Order of the British Empire Limited; Vice President and a Council Committee of the Chinese People’s in 1994, the Gold Bauhinia Star in Member of the Hong Kong Institute Political Consultative Conference; 1999 and Chevalier de l’Ordre du of Bankers; Chairman of Hang and Honorary President and past Merite Agricole (of France) in 2008. Seng School of Commerce; Deputy BIOGRAPHICAL DETAILS OF DIRECTORS 73
Chairman of the Council of The Economics and Psychology from The Mr Ancona was educated at City University of Hong Kong and a University of Hong Kong. Mr Or has Rensselaer Polytechnic Institute in the Council Member of The University worked in a variety of positions within US and obtained a Bachelor’s degree of Hong Kong; an adviser of the The Hongkong and Shanghai Banking in Science in 1974. He also obtained Employers’ Federation of Hong Corporation Limited in personnel, a Master of Science degree and a Kong; a member of Chinese People’s securities, retail banking and Master of Business Administration Political Consultation Conference corporate banking. He was promoted degree from the London School of Beijing Committee; a Director of to Assistant General Manager and Economics in 1975 and University of 2009 East Asian Games (Hong Kong) Head of Corporate and Institutional Chicago in 1976 respectively. Limited; Chairman of Campaign Banking in 1995, General Manager in Committee and a member of the 2000 and a Director in 2005. * Mr CHAN Cho Chak John GBS, JP Board of The Community Chest # Mr Chan, aged 65, is an independent of Hong Kong; and a member of Mr Edgar David ANCONA non-executive Director and Chairman the Board of Trustees of the Ho Mr Ancona, aged 56, is a non- of the Remuneration Committee of Leung Ho Lee Foundation. He was executive Director of the Bank. He the Bank. He has been a Director of Vice Chairman of the Hong Kong has been a Director of the Bank the Bank since August 1995. He is Association of Banks from 2004 since September 2006. He is Chief non-executive Director of Transport to April 2005 after presiding as Financial Officer of The Hongkong International Holdings Limited, The Chairman in 2000 and 2003. He was and Shanghai Banking Corporation Kowloon Motor Bus Company (1933) a Director of Hong Kong Interbank Limited and a Director of certain Limited and Long Win Bus Company Clearing Limited from 2000 to 2005 subsidiaries of HSBC Holdings Limited; non-executive Chairman and Bank of Communications Co., BV, including HSBC Asia Holdings of RoadShow Holdings Limited; Ltd from 2004 to 2005. BV. He was formerly Senior Vice President Corporate Treasurer of and an independent non-executive Mr Or began his career with The HSBC Finance Corporation and Director of Guangdong Investment Hongkong and Shanghai Banking Executive Vice President, Asset/ Limited. He is also a member of the Corporation Limited in 1972 after Liability Management, of HSBC Exchange Fund Advisory Committee receiving a Bachelor’s degree in North America Holdings Inc. of the Hong Kong Monetary 74 HANG SENG BANK
Authority; Chairman of The Hong ACCA Hong Kong; a member of * Dr CHENG Yu Tung GBM, DPMS, Kong Jockey Club; Chairman of the the Quality Education Fund Steering DBA(Hon), LLD(Hon), DSSc(Hon) Court of the Hong Kong University Committee; a member of the Dr Cheng, aged 83, is an of Science and Technology; Vice Protection of Wages on Insolvency independent non-executive Director Patron of The Community Chest Fund Board; a member of the of the Bank. He has been a Director of Hong Kong; and Non-Official Admissions, Budgets and Allocations of the Bank since March 1985. Member of the Commission on Committee of The Community He is Chairman of New World Strategic Development of the HKSAR Chest of Hong Kong; a member of Development Company Limited, Government. He was formerly the Advisory Board on Accounting Chow Tai Fook Jewellery Company an independent non-executive Studies of the Chinese University of Limited, Melbourne Enterprises director of Hong Kong Exchanges Hong Kong; Honorary Vice-President Limited and Lifestyle International and Clearing Limited from 2000 of the Honorary Advisory Board of Holdings Limited; and a Director of to 2003, and a former member of the Accounting Students’ Society Shun Tak Holdings Limited. the Hong Kong Civil Service from of the Hong Kong University of * Dr CHEUNG Kin Tung Marvin 1964 to 1978 and from 1980 to Science and Technology; Co-opted DBA(Hon), GBS, SBS, OBE, JP 1993. Key posts in Government Member of Audit Committee of Dr Cheung, aged 61, is an held by Mr Chan included Private Urban Renewal Authority; a member independent non-executive Director Secretary to the Governor, Deputy of the Investment Committee of the and a Member of the Audit Secretary (General Duties), Director Foundation of Tsinghua University Committee of the Bank. He has been of Information Services, Deputy Chief Center for Advanced Study Co. a Director of the Bank since May Secretary, Secretary for Trade and Ltd; and a member of the HKSAR 2004. He is a Non-official Member Industry and Secretary for Education Government Scholarship Fund of the Executive Council; Chairman and Manpower. Mr Chan was Investment Committee. of the Airport Authority Hong Kong, awarded the Gold Bauhinia Star by Mr Chan obtained a Master of the Supervisory Committee of The the HKSAR Government in July 1999. Business Administration degree from Tracker Fund of Hong Kong and the Mr Chan graduated from the University of Warwick England Council of the Hong Kong University The University of Hong Kong in in 1993. He is a Fellow Member of Science and Technology; a 1964 with an Honours Degree in of the Hong Kong Institute of member of the Barristers Disciplinary English Literature. Certified Public Accountants, and the Tribunal and Operations Review Association of Chartered Certified Committee of Independent
Mr CHAN Kwok Wai Patrick Accountants. He joined the Bank as Commission Against Corruption; Mr Chan, aged 52, is Executive Assistant General Manager and Head and a Council Member of the Open Director and Chief Financial of Financial Control Division in July University of Hong Kong. Officer and a Member of Executive 1995. In 1998 he took up the role of Dr Cheung has been appointed an Committee of the Bank. He has Chief Financial Officer, responsible independent non-executive Director been a Director of the Bank since for the planning and control of the of HSBC Holdings plc with effect December 2005. He is Vice-Chairman Bank’s financial direction, as well from 1 February 2009. He is also an of Hang Seng Bank (China) Limited as overseeing the Bank’s financial independent non-executive Director and a Director of certain subsidiaries standards and discipline. In 2003, he of HKR International Limited, Hong of the Bank, including Hang Seng was promoted to Deputy General Kong Exchanges and Clearing Limited Bank (Trustee) Limited, Hang Seng Manager. He was appointed General and Sun Hung Kai Properties Limited; Insurance Company Limited, Hang Manager in December 2005. Seng General Insurance (Hong Kong) and a Director of The Association Company Limited and Hang Seng Mr Chan started his career at Ernst of Former Council Members of Life Limited. He is also a Director, & Young and worked for a number the Stock Exchange of Hong Kong an Executive Committee member of banks and listed companies Limited. Dr Cheung resigned as and a Remuneration Committee in Hong Kong, including Chase an independent non-executive member of Industrial Bank Co., Manhattan Bank, Australia and New director of Shui On Construction and Ltd, a member of the Professional Zealand Banking Group and Dah Materials Limited in 2005. He was Development Sub-committee of the Sing Financial Group. awarded the Gold Bauhinia Star by the HKSAR Government in 2008. BIOGRAPHICAL DETAILS OF DIRECTORS 75
He is a Fellow of the Institute he had been posted to Saudi Arabia, Limited. He is also a Vice President of Chartered Accountants in Thailand, Hong Kong, the United of the Real Estate Developers England and Wales, and the Hong Arab Emirates and Qatar. Association of Hong Kong. Kong Institute of Certified Public Mr Flockhart was educated in Mr Lee obtained a Bachelor of Accountants. He joined KPMG Hong Edinburgh, Scotland where he Science Degree in Civil Engineering Kong in 1969 and was admitted attended George Watson’s College. from the University of Manchester, into the partnership in 1974. He He joined HSBC Group in July 1974 England and qualified as a Solicitor was elected the Chairman and Chief after graduating in law (LLB) from of the Supreme Court of England Executive Officer of KPMG Hong Edinburgh University. and Wales. Kong from October 1996 to March
2003 and retired on 31 March 2003. In December 2007, Mr Flockhart * Dr LI Ka Cheung Eric was named a Commander of the FCPA(Practising), GBS, OBE, JP # Mr Alexander Andrew FLOCKHART CBE British Empire in the Queen’s New Dr Li, aged 55, is an independent Mr Flockhart, aged 57, is a non- Years Honours List in recognition of non-executive Director and executive Director of the Bank. He his services to British business and Chairman of the Audit Committee has been a Director of the Bank charitable services and institutions of the Bank. He has been a Director since August 2007, Director and in Mexico. of the Bank since February 2000. Chief Executive Officer of The He is the senior partner of Li, Mr Flockhart is a member of the Hongkong and Shanghai Banking Tang, Chen & Co., Certified Public Visa Asia Pacific Senior Advisory Corporation Limited since July 2007, Accountants, and a member of Council, Visa Inc and Chongqing and executive Director of HSBC The Tenth and Eleventh National Mayor’s International Economic Holdings plc since May 2008. As Committee of the Chinese People’s Advisory Council. Group Managing Director Asia- Political Consultative Conference. He is also a Director of Sun Hung Pacific of HSBC Holdings plc, Mr * Mr Jenkin HUI Kai Properties Limited, Transport Flockhart is a member of the HSBC Mr Hui, aged 65, is an independent International Holdings Limited, Group Management Board. He is non-executive Director and a SmarTone Telecommunications also Global Head of Commercial Member of the Remuneration Holdings Limited, Wong’s Banking of HSBC Group; Chairman Committee of the Bank. He has been International (Holdings) Limited, and non-executive Director of a Director of the Bank since August China Resources Enterprise, HSBC Bank Malaysia Berhad; Vice- 1994. He is a Director and Chief Limited, RoadShow Holdings Chairman and Director of HSBC Executive of Pointpiper Investment Limited, Bank of Communications Bank (Vietnam) Limited; a Director Limited; and a Director of Central Co., Ltd and Meadville Holdings of HSBC Bank Australia Limited and Development Limited, Jardine Limited. He is also Chairman of The Shek O Development Company, Matheson Holdings Limited, Jardine Hong Kong Monetary Authority’s Limited; and a non-executive Strategic Holdings Limited and Process Review Committee; a Director of HSBC Bank (China) Hongkong Land Holdings Limited. Company Limited. member of Basel II Consultation * Mr Peter LEE Ting Chang JP Group; and a Member of the Mr Flockhart was previously Group Mr Lee, aged 55, is an independent Clearing and Settlement Systems Managing Director Latin America non-executive Director and a Appeals Tribunal. Dr Li resigned from 2006 to July 2007 and Group Member of the Remuneration as an independent non-executive General Manager, Chairman and Committee of the Bank. He has Director of CATIC International Chief Executive Officer of HSBC been a Director of the Bank since Holdings Limited in December 2007 Group in Mexico from 2002 to August 2002 and is a Director of and retired as an independent 2006. From December 1999 to July Barrowgate Limited. He is Chairman non-executive Director of Sinofert 2002, he was Senior Executive Vice of Hysan Development Company Holdings Limited in June 2007. President, Commercial Banking, Limited; independent non-executive He was also former President of HSBC Bank USA and Chairman, Director of Cathay Pacific Airways Hong Kong Society of Accountants HSBC Bank Mexico S.A., heading Limited, CLP Holdings Limited and in 1994. Dr Li was awarded the the businesses of personal and SCMP Group Limited; and non- Gold Bauhinia Star by the HKSAR commercial banking in the USA, executive Director of Maersk China Government in July 2003. Panama and Mexico. Before then, 76 HANG SENG BANK
Dr Li obtained a BA (Economics) University and a Doctorate in * Dr SIN Wai Kin David Honours degree from the University Business Administration (honoris DSSc(Hon) of Manchester, England in 1975. causa) by the Hong Kong University Dr Sin, aged 79, is an independent He is a Fellow Member of the of Science and Technology, both non-executive Director of the Hong Kong Institute of Certified in 1996. He was also conferred an Bank. He has been a Director of Public Accountants. Advisory Professorship by Shanghai the Bank since November 1991. University in 1998. He is Chairman of Myer Jewelry # Dr LO Hong Sui Vincent Manufacturer Limited, and Vice- GBS, JP Mr POON Chung Yin Joseph Chairman of Miramar Hotel and Dr Lo, aged 60, is a non-executive Mr Poon, aged 54, is Managing Investment Company Limited. He is Director of the Bank. He has Director and Deputy Chief Executive also Executive Director of New World been a Director of the Bank since and a Member of the Executive Development Company Limited. February 1999. He is Chairman Committee of the Bank. He has of Shui On Group; Chairman and been a Director of the Bank * Mr Richard Yat Sun TANG MBA, BBS, JP Chief Executive Officer of Shui On since December 2004. He is an Land Limited; Chairman of Shui On independent non-executive Director Mr Tang, aged 56, is an independent Construction and Materials Limited of Grandland Shipping Limited. He is non-executive Director and a and China Central Properties also a Director of certain subsidiaries Member of the Audit Committee of Limited; and a non-executive of the Bank, including Hang Seng the Bank. He has been a Director of Director of Great Eagle Holdings Bank (Trustee) Limited, Hang Seng the Bank since August 1995, and Limited. He is also a Member of Credit Limited, Hang Seng Finance a Supervisor of Hang Seng Bank The Eleventh National Committee Limited, Hang Seng Insurance (China) Limited since May 2007. He of the Chinese People’s Political Company Limited and Hang Seng is Chairman and Managing Director Consultative Conference; Honorary Life Limited. He is the Chairman of Richcom Company Limited; Vice Life President of Business and of Hang Seng Index Advisory Chairman of King Fook Holdings Professionals Federation of Hong Committee of Hang Seng Indexes Limited; and a Director of Miramar Kong; President of Shanghai-Hong Company Limited and a Member Hotel and Investment Company Kong Council for the Promotion of Campaign Committee of The Limited and Hong Kong Commercial and Development of Yangtze; Community Chest of Hong Kong. Broadcasting Company Limited. He Economic Adviser to the Chongqing is also Chairman of the Correctional Municipal Government; and After obtaining a Bachelor of Services Children’s Education Trust Honorary Court Chairman of the Commerce degree from the University Investment Advisory Board of the Hong Kong University of Science of Western Australia, Mr Poon joined Correctional Services Department and Technology. Dr Lo was awarded Arthur Andersen & Co. in 1976 and Chairman of Customs & Excise the Gold Bauhinia Star by the and was qualified as a Chartered Service Children’s Education Trust HKSAR Government in 1998. He Accountant in Australia. He left Arthur Fund Committee; and a member of was recipient of the Businessman of Andersen in 1981 to further his the Disciplinary Panel A of the Hong the Year award in the Hong Kong career in a number of internationally Kong Institute of Certified Public Business Awards 2001. Dr Lo was renowned financial institutions. Accountants and Tang Shiu Kin and also awarded Director of the Year Ho Tim Charitable Fund. He was Mr Poon joined HSBC Group in in the category of Listed Company awarded “Justice of the Peace” in 1988 as Deputy Managing Director Executive Directors by The Hong 1997 and the Bronze Bauhinia Star by of Wayfoong Shipping Services Kong Institute of Directors in 2002 the HKSAR Government in July 2000. Limited (HSBC Group’s shipping and Chevalier des Arts et des Lettres financing arm in Asia), and was Mr Tang obtained a Bachelor by the French government in 2005. appointed as Managing Director a of Science Degree in Business Dr Lo retired as an independent year later. He held a wide variety Administration from Menlo College, non-executive Director of China of posts and was appointed Senior California, USA in 1976 and an Telecom Corporation Limited in Executive Commercial Banking of The MBA from the University of Santa September 2008. Hongkong and Shanghai Banking Clara, California, USA in 1978. Dr Lo was conferred an Advisory Corporation Limited in January 2003. Professorship by Shanghai Tongji BIOGRAPHICAL DETAILS OF DIRECTORS 77
# Mr WONG Tung Shun Peter JP Mr Wong was educated at Indiana in the Bank and its subsidiaries; and (c) do not have any other relationships with Mr Wong, aged 57, is a University in the USA and holds any Directors, senior management or Bachelor’s degree in computer non-executive Director of the Bank. substantial or controlling shareholders of He has been a Director of the science, an MBA in marketing and the Bank. Bank since May 2005. He is finance and an MSc in computer The Directors (except Executive Directors) science. Group General Manager of HSBC will receive Directors’ fees in the amounts Holdings plc; Executive Director, approved from time to time by shareholders * Independent non-executive Directors Hong Kong and mainland China at the Annual General Meetings of the # Non-executive Directors of The Hongkong and Shanghai Bank. The current amounts of Directors’ fees have been determined with reference Banking Corporation Limited; Mr Alexander A Flockhart is Group to market rates, directors’ workload and non-executive Director and Deputy Managing Director Asia-Pacific and an required commitment. A Director will also executive Director of HSBC Holdings plc, Chairman of HSBC Bank (China) receive a fee for duties assigned to and and a Director and the Chief Executive Company Limited; non-executive services provided by him as Chairman or Officer of The Hongkong and Shanghai Director and Chairman of Hubei member of various Committees of the Banking Corporation Limited. Bank. The current amounts of the above Suizhou Cengdu HSBC Rural Bank Mr Raymond C F Or is a Director of fees have been determined with reference Company Limited, Chongqing The Hongkong and Shanghai Banking to the remuneration policy of the Bank. Dazu HSBC Rural Bank Company Corporation Limited. Mr Peter T S Wong is Limited, Fujian Yongan HSBC Rural Group General Manager of HSBC Holdings Commencing from 1 January 2008, no Directors’ fees will be paid to Executive Bank Company Limited and Beijing plc and Executive Director, Hong Kong and mainland China of The Hongkong Directors. The salary package of an Miyun HSBC Rural Bank Company and Shanghai Banking Corporation Executive Director has been determined Limited; Director and Chairman of Limited. Mr Edgar D Ancona is a Director with reference to the remuneration policy HSBC Insurance (Asia) Limited and of certain subsidiaries of HSBC Holdings of the Bank. An Executive Director is also HSBC Life (International) Limited. BV, including HSBC Asia Holdings BV, and entitled to a discretionary bonus. Chief Financial Officer of The Hongkong He is also non-executive Director The details of the emoluments of the and Shanghai Banking Corporation Limited. of Bank of Communications Co., Directors on a named basis are disclosed Dr Marvin K T Cheung has been appointed in Note 19 of the Bank’s 2008 Financial Ltd and Ping An Insurance (Group) an independent non-executive Director Statements. Company of China, Ltd; Director of HSBC Holdings plc with effect from 1 of Hong Kong Interbank Clearing February 2009. Each of HSBC Holdings plc, None of the Directors, except Mr Patrick K Limited and The Hong Kong General HSBC Holdings BV, HSBC Asia Holdings BV W Chan, has signed service contracts with the Bank. However, the Bank’s Articles Chamber of Commence; Chairman and The Hongkong and Shanghai Banking Corporation Limited has an interest in the of Association provide that each Director of the Hong Kong Association of shares of the Bank as disclosed under the is required to retire by rotation once Banks and President of the Hong provisions of Divisions 2 and 3 of Part XV every three years and that one-third (or Kong Institute of Bankers; Chairman of the Securities and Futures Ordinance the number nearest to one-third) of the of the Financial Services Advisory (“SFO”), the details of which are disclosed Directors shall retire from office every year Committee of the Hong Kong Trade in “Substantial Interests in Share Capital” at the Bank’s Annual General Meeting. A section of the Report of the Directors Director’s specific term of appointment, Development Council and The attached to the Bank’s 2008 Annual therefore, cannot exceed three years. Every Banking Industry Training Advisory Report. retiring Director shall be eligible for re- Committee; Member of the Banking election at the Annual General Meeting of The Directors’ interests in shares of the Advisory Committee of the Hong the Bank. Bank, if any, within the meaning of Part Kong Monetary Authority, the XV of the SFO as at 31 December 2008 are 10th Hubei provincial committee disclosed in “Directors’ and Alternate Chief of the Chinese People’s Political Executives’ Interests” section of the Report Consultative Conference, the Board of the Directors attached to the Bank’s 2008 Annual Report. of Counsellors of the China-United States Exchange Foundation, the Save as disclosed in the Directors’ respective Aviation Development Advisory biographical details under “Biographical Details of Directors” section, the Directors Committee and the Greater Pearl (a) have not held any directorships in other River Delta Business Council; and publicly listed companies, whether in Hong Honorary Professor of The University Kong or overseas, during the last three of Hong Kong. years; (b) do not hold any other positions