HSBC CEO’s exit advanced View(s):The Chief Executive Officer of HSBC Sri Lanka is being moved out prematurely, authoritative banking sources told the Sunday Times. Mr. Gallagher was appointed to Sri Lanka in 2013 and had secured a one-year extension from the Central Bank of Sri Lanka. His predecessor Nick Nicolaou had served in Sri Lanka for five years after having scored extensions. This was a result of terminations as well as voluntary resignations prompted by thescandal. At the time, a bank spokesman said: “HSBC Sri Lanka has made important senior management changes following an internal investigation.

Source: Sunday Times September 24, 2016 20:17 UTC