James H. Cleve will become president and chief executive officer of Marine Midland Banks Inc., New York, on Jan. 1.
The company is a subsidiary of HSBC Holdings PLC, whose other units include Hongkong and Shanghai Banking Corp. and Midland Bank PLC.
Mr. Cleve, now executive director of Marine Midland Banks, will succeed John R. H. Bond, who is moving to London to become group chief executive of HSBC. Mr. Bond will also be reappointed a director of Hongkong and Shanghai Banking.