Shares of HSBC set to rise 1 percent after new chairman appointed

Markets Reuters

FILE PHOTO - The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo (Copyright Reuters 2017)

The Hong Kong-listed shares of HSBC Holdings <0005.HK> were set to rise 0.95 percent on Monday after Europe's biggest bank said AIA Group Ltd <1299.HK> Chief Executive Mark Tucker had been appointed as its chairman, replacing Douglas Flint.

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HSBC's shares were set to rise 0.95 percent to HK$63.60, while AIA was set to fall 2.8 percent.

(Reporting by Anne Marie Roantree; Editing by Stephen Coates)