HSBC Philippines president resigns
HSBC (Philippines), Ltd. said its president and chief executive officer Jose Arnulfo “Wick” A. Veloso has stepped down from his position.
In a statement, HSBC Philippines said Mr. Veloso has vacated his post and that the successor will “be announced in due course.”
The bank refused to comment further when sought for comments regarding the reason behind Mr. Veloso’s resignation.
Mr. Veloso has been the chief executive of HSBC Philippines since December 2012. Prior to this, he also served as Head of HSBC’s global and markets operations, according to Bloomberg.
He is also the Vice Chairman of the Open market Committee of the Bankers Association of the Philippines. — Karl Angelo N. Vidal