Luanne Lim to take over Hang Seng Bank CEO next Monday

Hang Seng Bank (0011) announced that Luanne Lim Hui-hung will take over as executive director and chief executive next Monday.

Lim will be entitled to a total fixed annual remuneration of HK$8.5 million, together with discretionary bonus, and other benefits to which executives of equivalent grade in the bank would be entitled.

Current chief executive and executive director Diana Cesar will step down, and will return to The Hongkong and Shanghai Banking Corporation Limited as vice chairman, Hong Kong, advising the co-chief executives of Asia and Middle East, HSBC.

STAFF REPORTER