HSBC sees 34% drop in profits from Covid impact
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HSBC s Top Executives Following the Money Prepare Asia Moves
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A cadre of senior executives is set to relocate in coming months to Hong Kong from HSBC’s Canary Wharf headquarters, say people familiar with the plans, as Europe’s biggest bank pares its global ambitions.
Chief Executive Officer Noel Quinn will begin marketing what’s known internally as the “pivot to Asia” on Tuesday when he announces 2020 earnings. Moving the trio Nuno Matos, chief executive of wealth and personal banking; Greg Guyett, co-head of global banking and markets, and Barry O’Byrne, chief executive of global commercial banking would mean businesses responsible in 2019 for 95% of net revenue will be run out of Hong Kong.
HSBC to move top executives from UK back to Hong Kong: Report
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