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As HSBC moves its senior executives to Hong Kong, some of their relocation packages are reportedly causing problems. Bloomberg reports that Peter Wong, HSBC's regional chief in Asia is unhappy with the cost of the relocations. Greg Guyett, who runs global banking, Barry O’Byrne, the head of commercial banking and Nuno Matos who runs wealth management for HSBC, are all relocating from London as part of Noel Quinn’s ‘pivot to Asia.’ Back in 2010 when group CEO Michael Geoghegan relocated to Hong Kong from London the bank came under fire for awarding him a £300k (HK$3m) bonus, on top...

Apr 21 2021, 3:07 PM April 20 2021, 9:31 PM April 21 2021, 3:07 PM (Bloomberg) -- HSBC Holdings Plc is shipping senior executives from its London headquarters to Hong Kong to seal a pivot by Europe’s largest lender to Asia. The moves are also stoking some discontent. (Bloomberg) -- HSBC Holdings Plc is shipping senior executives from its London headquarters to Hong Kong to seal a pivot by Europe’s largest lender to Asia. The moves are also stoking some discontent. Already smarting from a cut to the bonus pool after losses in Europe, some senior executives in Greater China worry thei...

HSBC to Move Top Bankers to Hong Kong as Asia Focus Sharpens HSBC to Move Top Bankers to Hong Kong as Asia Focus Sharpens The shift comes as the bank has been caught up in the geopolitical tension between China and the West published : 16 Apr 2021 at 04:00 HSBC makes most of its profit in Hong Kong and mainland China. (Photo: Bloomberg) Global banking giant HSBC Holdings PLC will move four senior bankers from London to Hong Kong to boost its strategy of refocusing operations on Asia instead of Europe and North America....

HSBC, which was founded in Hong Kong by Thomas Sutherland in 1865, has been ramping up its business in Asia as it cuts back its less profitable divisions in Europe and the US.

HSBC is moving the heart of the bank back to Hong Kong HSBC will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia. CEO Noel Quinn said in an internal memo on Wednesday that Barry O’Byrne, head of global commercial banking, Greg Guyett, co-head of global banking and markets, and Nuno Matos, head of wealth and personal banking will relocate to Hong Kong in the second half of the year. They will be joined by Nicolas Moreau, the head of global asset management.