HSBC executive to exit after deploring UK’s stance on China

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HSBC executive to exit after deploring UK’s stance on China
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The former diplomat apologised last month for reportedly calling Britain ‘weak’.

LONDON: HSBC Holdings Plc’s head of public affairs Sherard Cowper-Coles will step down after making controversial remarks about the British government’s handling of its relationship with China, Bloomberg News reported on Friday.

Cowper-Coles told a closed-door event in June that Britain would often bow to the demands of Washington and should look after its own interests, according to a Bloomberg report, citing people familiar with the matter.

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