The Week: People News - Hungate fills HSBC void

HSBC has ended a five-month search for Peter Stringham's replacement by appointing Alex Hungate, the managing director of Reuters in Asia, as its head of personal financial services and global marketing. As well as advertising, sponsorship and customer marketing, Hungate will take responsibility for personal financial services and will be a member of the ten-strong global group management board. Stringham, the previous head of global marketing, left the bank in March to become the chief executive of Young & Rubicam Brands.