Apr 14, 2021
HSBC relocates top leadership from London to Hong Kong
HSBC will move four of its top executives to Hong Kong from London, one more than had been anticipated, as the bank continues to accelerate its strategic shift to Asia. HSBC had signalled earlier this year that the executives were likely to head to Hong Kong, the 156-year-old lender's historic base. Relocating those four executives means that divisions that account for almost all of HSBC's global revenue will be run out of Hong Kong. The decision also has symbolic importance considering the bank's delicate geopolitical position, caught amid escalating tensions between the west and China as they face off over the future of Hong Kong. "These moves have no impact on the location of our headquarters", top executives, or board, which he pledged would remain in London.
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