Hong Kong banks keep leadership in the family

Hong Kong's family-owned banks are struggling to find a new generation of suitable executives to take over for white-haired CEOs. David Li Kwok-po, the 74-year-old CEO of Bank of East Asia, repeatedly pushes off retirement as the bank wrestles with succession issues. "The choices for the next boss of a family-owned business are always limited, as he must be a family member who is willing to take over control," says human resources consultant Alexa Chow Yee-ping.

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South China Morning Post (Hong Kong) (free registration)

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