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.
In an internal memo on Wednesday, chief executive Noel Quinn said that Greg Guyett, co-head of global banking and markets, Nuno Matos, chief executive of wealth and personal banking, and Barry O’Byrne, chief executive of global commercial banking, would relocate in the second half of the year.
HSBC had signalled earlier this year that the executives were likely to head to Hong Kong, the 156-year-old lender's historic base. They will be joined by Nicolas Moreau, head of asset management, whose departure from London had not previously been reported.
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