HSBC Holdings has given country heads in several Asian markets additional responsibilities as part of its efforts to streamline its organizational structure.

Peter Kim has been named head of banking on top of his chief executive role in South Korea, effective March 1, while Tim Evans will perform the same double role in Vietnam, Bloomberg News reported, citing an internal memo.

Also assuming dual roles are Omar Siddiq in Malaysia, Adam Chen in Taiwan, and Giorgio Gamba in Thailand, according to the report.

The bank will also appoint a new head of banking, international markets, to oversee Bangladesh, Indonesia, Mauritius, Philippines, Sri Lanka, Thailand and Vietnam, Bloomberg says. 

Tang Zhenyi, Ajay Sharma and Gilbert Ng have been named heads of banking in the “priority markets” of China, India and Singapore, respectively.

In October 2024, HSBC chief executive officer Georges Elhedery unveiled a major overhaul of its business structure with the aim of creating “a simpler, more dynamic, and agile organization”.