HONG KONG-- The Hongkong and Shanghai Banking Corporation Limited (HSBC) Friday announced that the bank's Group General Manager Anita Fung has been appointed Chief Executive Officer of HSBC Hong Kong, effective Sept 12, 2011.

HSBC said Fung succeeds Mark McCombe, who is leaving the bank to join another financial institution in Hong Kong. McCombe has had an international career in finance spanning more than 20 years and has been a valued member of the HSBC Group since 1987.

Fung, most recently the Head of Global Banking and Markets, Asia-Pacific, joined HSBC in 1996 in Hong Kong as Head of Domestic Markets, Treasury and Capital Markets. She was named Head of Global Markets Asia-Pacific in 2005 and was appointed a Group General Manager in 2008.

Peter Wong, Chief Executive of HSBC Asia-Pacific said that Fung is an excellent choice to lead HSBC in Hong Kong. She is well known as a leading international banker with extensive business expertise in the region.

"Anita helped build one of the strongest Global Banking and Markets businesses in Asia and she has been instrumental in extending our Hong Kong and China platform, and securing our leadership position in the internationalization of the RMB."

A native of Hong Kong, Fung is a graduate of the University of Hong Kong and Macquarie University in Australia. Fung is a Board Member of the Hong Kong Airport Authority, a Director of Bank of Communications Company Limited and is Deputy Chairman of HSBC Bank (China) Company Limited. Fung's appointment is subject to regulatory approvals.