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HSBC's Hong Kong unit names nonexecutive chairman

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HSBC's Hong Kong unit names nonexecutive chairman

Hongkong & Shanghai Banking Corp. Ltd. appointed Laura Cha as nonexecutive chairman, effective Dec. 6.

Cha was an independent nonexecutive director and deputy chairman of the Hong Kong bank. She is also an independent nonexecutive director of the lender's parent, HSBC Holdings PLC.