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BANKING

Peter Wong: A steady hand in a crisis

As part of Euromoney's 50th anniversary coverage, we profile some of the biggest names that we interviewed for our May Asia focus.

“If there’s one thing I have learned in my career it is how to deal with a crisis because I have lived through so many of them,” says Peter Wong, a 40-year veteran of banking in Asia and today chief executive of Asia Pacific at HSBC.

Peter Wong hsbc _160x186

Peter Wong,
HSBC

In the early 1980s, US Fed tightening led to rising rates and a round of defaults and delinquencies in Hong Kong. In September 1983, Black Saturday saw a collapse of the Hong Kong dollar because of uncertainties about the future of Hong Kong and the Sino-British agreement, which a month later led to the HK dollar being pegged to the US dollar.