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


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)