Nixon Chan Lik-Sang starts as head of retail banking and wealth management replacing William Leung Wing-Cheung, who has left.

Hang Seng Bank, the Hong Kong-based bank owned by HSBC Group, has appointed Nixon Chan Lik-Sang as head of retail banking and wealth management to replace William Leung Wing-Cheung, who has resigned.

Leung was previously head of personal banking, and Hang Seng changed the title of the position to head of retail banking and wealth management. Donald Lam has been promoted to replace Lik-Sang in his previous role as head of corporate and commercial banking 

All the changes are effective 7 September 2011.

Chan joined the company in 2009 as head of corporate and commercial banking. Prior to Hang Seng, he worked for over 30 years at HSBC on various senior retail and commercial banking roles. Lam takes over Chan's previous position from being head of commercial banking since 2009. He joined the company in 2003 as department head of commercial banking relationship management.

Hang Seng Bank has around 220 service outlets all over Mainland China, in addition to branches in Macau, Singapore, Xiamen, and Taipei. As of 30 June 2011, the company had HK$973.2 billion ($125 billion) in consolidated assets.