HSBC mulls moving top executives to Hong Kong or Singapore to strengthen Asia push

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(The Straits Times)

HSBC Holdings is considering relocating a handful of senior executives from London to Hong Kong or Singapore as Europe’s largest lender bets its future on Asia.

The bank is mulling moving London-based Greg Guyett and Georges Elhedery, the co-heads of its investment bank, to Asia, people familiar said, declining to be identified as the details are private. Other direct reports to chief executive officer Noel Quinn are also being considered for relocations, placing more top decision makers in the region where it makes the bulk of its money, the people said. The moves are being considered as HSBC prepares to announce the outcome of a strategic review this month.

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