HSBC group CEO Michael Geoghegan to move to Hong Kong

HSBC group CEO Michael Geoghegan will relocate to Hong Kong and become chairman of the Asia business in February û a move the bank says reaffirms its commitment to the region.

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...

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