HSBC mulls sending senior executives back to Hong Kong roots 21 February 2021 - 18:35 Harry Wilson Picture: REUTERS/BRENDAN MCDERMID
London HSBC is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its centre of gravity.
A cadre of senior executives is set to relocate in coming months to Hong Kong from HSBC’s Canary Wharf headquarters, said people familiar with the plans, as Europe’s biggest bank pares its global ambitions.
CEO Noel Quinn will begin marketing what is known internally as the “pivot to Asia” on Tuesday when he announces 2020 earnings. Moving the trio Nuno Matos, CEO of wealth and personal banking; Greg Guyett, co-head of global banking and markets, and Barry O’Byrne, CEO of global commercial banking would mean businesses responsible in 2019 for 95% of net revenue will be run out of Hong Kong.
LOOKING for something a little different or edgy perhaps to decorate your home? Look no further; an up and coming auction of a ‘curious collector’ may well be just what you need. A painting, ‘Frolics in the harem’, a cow horn day bed, a pair of ‘fully inflated Porcupinefish’ (blowfish) and a ‘Gharial Crocodile head mount’ are all included. Described as ‘The Curious Collector Sale’ the items were all amassed by one man to furnish a private residence. There are more than 400 items up for sale offering what Tennants Auctioneers describe as an ‘eclectic mix’ including fine art, design led furnishings, taxidermy and curios.