Ex-Hang Seng CEO Passes Away
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The former chief executive of Hang Seng reportedly passed away last week at the age of 57.
Louisa Cheang Wai-man passed away last week, according to a statement from Hang Seng.
The bank first disclosed that Cheang was undergoing treatment for a medical condition in July 2020 before she took a three-month leave of absence in May which was extended in August when the bank announced HSBC Hong Kong CEO Diana Cesar as her successor, effective September 1.
Cheang has served as Hang Seng’s CEO and vice-chairman since July 2017 following the retirement of Rose Lee Wai-Mun. Prior to the appointment, Cheang worked for parent group HSBC where she held senior roles like group general manager and group head of retail banking. She first joined HSBC in its credit card department in 1999.
At Hang Seng, Cheang is credited with pushing a number of key initiatives including gender diversity and digital transformation.
Questions & Answers
Q.When did Louisa Cheang Wai-man become CEO of Hang Seng?
When did Louisa Cheang Wai-man become CEO of Hang Seng?
Louisa Cheang Wai-man was appointed as Hang Seng's chief executive and vice-chairman in July 2017. She took over the role following the retirement of Rose Lee Wai-Mun.
Q.What initiatives was Louisa Cheang Wai-man credited with at Hang Seng?
What initiatives was Louisa Cheang Wai-man credited with at Hang Seng?
At Hang Seng, Louisa Cheang Wai-man was credited with spearheading several key initiatives. These included promoting gender diversity within the bank and driving its digital transformation efforts.
Q.When was Louisa Cheang's medical condition first publicly disclosed by the bank?
When was Louisa Cheang's medical condition first publicly disclosed by the bank?
Hang Seng first disclosed that Louisa Cheang was receiving treatment for a medical condition in July 2020. She later took a leave of absence in May, which was then extended.
Q.Who succeeded Louisa Cheang Wai-man as CEO of Hang Seng?
Who succeeded Louisa Cheang Wai-man as CEO of Hang Seng?
Diana Cesar, formerly the HSBC Hong Kong CEO, was announced as Louisa Cheang's successor. Her appointment as the new chief executive of Hang Seng became effective on September 1.
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