Shares of HSBC set to rise 1 percent after new chairman appointed
![HSBC-WESTERMAN](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/2017-03-13T013422Z_1_LYNXMPED2C01E_3_HSBC-WESTERMAN-1.jpg?ve=1&tl=1)
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.
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)