TAIPEI -(Dow Jones)- HSBC Holdings PLC (HBC) is interested in acquiring assets in emerging markets, the bank's Asia-Pacific chief executive, Sandy Flockhart, said Monday.
The executive declined to give details.
HSBC is in advanced talks to buy the retail and commercial banking assets of Royal Bank of Scotland Group PLC (RBS) in China, India and Malaysia, a person familiar with the situation said last month.
Flockhart is in Taipei for a board meeting.
-By Perris Lee Choon Siong, Dow Jones Newswires; +8862-2502-2557; perris.lee@dowjones.com