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HSBC transfers its main Hong Kong officers to take on China and Japan in its new location strategy


HSBC has given notice of plans to relocate four senior executives from London to Hong Kong to more closely concentrate on the fast-growing Asian markets.

There are some executives who have indicated that they intend to depart this year, including Barry O'Byrne, global commercial banking co-head; Nicolas Moreau, global asset management head of investment management; and Greg Guyett, global markets, all of whom indicated in internal notes.

The best way to increase the geographic diversity of the global executive team is to position more of them in strategic regions," according to HSBC CEO Noel Quinn

The globally prominent bank, HSBC, was established in Hong Kong in 1865 in a game of geopolitical power politics between China and the West and Beijing, which is affecting the Asian financial center's autonomy. Many members of the U.S. and British government have encouraged the bank to intervene but Quinn has refused, saying that he is a politician, not a bank official.

HSBC is to establish the bank's co-head of an investment banker in Hong Kong, as the UK proceeds to redistribute the country's most important roles and executives out of the financial district to the continent in Asia.

COPYRIGHT_WI: Published on https://washingtonindependent.com/ebv/hsbc-transfers-main-in-hong-kong/ by William Willis on 2021-04-21T14:40:01.119Z

Greg Guyett and Nuno Matos, co-the who's CEO of global banking and markets and is moving to Hong Kong along with Barry O' Byrne-have informed Financial News received an internal memo about the change in their organization which reports that the latter has included them in their wealth and personal banking structures.

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William Willis

William Willis - William Willis is a freelance writer and social media manager who specializes in assisting finance professionals and Fintech entrepreneurs in growing their online audience and attracting more paying customers. William worked as a bank teller and virtual assistant for financial firms in the United States and the United Kingdom for six years before beginning her writing career. William is a strong force in the workplace, inspiring others to work hard and excel with his optimistic attitude and boundless energy. He enjoys hiking, crocheting, and playing video games with his children in his spare time.

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