It was reported that Ma Zhiping will leave her position as the head of HSBC's Global Banking and Markets Asia-Pacific.

13:50 07/02/2025

According to informed sources, Mary Ma, Head of HSBC's Global Banking and Markets division in the Asia-Pacific region, is set to resign. HSBC is currently restructuring its business to control costs.

According to informed sources, Mary Ma, head of the Asia-Pacific business at HSBC Global Banking, will resign. HSBC is currently restructuring its business to control costs. Ma was poached from Goldman Sachs just two and a half years ago, and now she is resigning. Ma declined to comment on this matter, and an HSBC spokesperson also declined to comment. It is reported that Ma joined Goldman Sachs' Asian equity trading department in 2001 as a manager, was promoted to managing director in 2007, became a partner in 2020, and served as head of Goldman Sachs' equities business in Greater China, responsible for equity trading, sales, and business expansion in the region. Ma holds a Bachelor's degree in International Relations from Georgetown University's School of Foreign Service and an MBA degree from the Haas School of Business at the University of California, Berkeley.

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The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

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