HSBC is relocating its group chief executive officer Michael Geoghegan to Hong Kong in line with its stated strategy to focus on emerging markets.
The announcement, made by HSBC on Friday following a board meeting in Hong Kong, was a unique public relations opportunity for the London-headquartered bank to reaffirm its commitment to the region. The move further positions the group for the shift in the world's centre of economic gravity from west to east, said HSBC in a written statement, playing up the move.
HSBC was founded in Hong Kong and Shanghai in 1865, reminisced the bank, and remains the largest international bank in the region. Geoghegan will be based in HSBC's strategically...
¬ Haymarket Media Limited. All rights reserved.
