Top bank executive Cheang dies at 57

Finance | 13 Oct 2021

Aiden He

The former vice chairman and chief executive of Hang Seng Bank, Louisa Cheang Wai-wan, has died after taking sick leave in May, the lender says. Cheang, who passed away on October 2, was 57.

Cheang was a brilliant banker, HSBC chief executive Noel Quinn said, adding she was one of the most principled, dynamic and determined people with whom he had ever worked.

Hang Seng chair Irene Lee Yun-lien said the industry has lost a valued talent and Hang Seng a much-loved family member.

Cheang's funeral, a private gathering, will be held on Friday morning at a Christian church in Wan Chai, local media said.

Cheang was the third female vice chairman and chief executive of Hang Seng. She took over from the retiring Rose Lee Wai-mun on July 1, 2017. Before that she was the general manager of HSBC and the head of retail banking of HSBC. Since joining HSBC in 1999.

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