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Tuesday, Aug 03, 2021
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HSBC relocates top leadership to Hong Kong
HSBC Asset Management is relocating a number of key executives from London to Hong Kong in line with the firm’s stated strategy to focus more on the Asia Pacific region.
Chief executive, Nicolas Moreau, is one of four top executives making the same move, including Nuno Matos, chief executive of wealth and personal banking, to whom Moreau will continue to report.
Moreau joined HSBC in the summer of 2019 having previously served as the chief executive of DWS. He will take up the Hong Kong role in the second half of the year.
The relocations were signposted earlier in the year when chief executive Noel Quinn announced plans to focus more on the Asian market which accounted for 59% of HSBC’s operating income in 2020.
In addition to relocating its top executives, HSBC also plans to redeploy US$100 billion of capital to Asia, the majority of which will be invested in China, Hong Kong and Singapore.
British military chiefs criticise China and Russia for 'reckless' behaviour in space
The two commanders also left open the possibility that the UK could develop its own weapons to defend assets in space for the first time.
Business confidence in Hong Kong remains strong, says foreign corporate executives
Business confidence in Hong Kong remains strong, and is only going to get better, according to foreign corporate executives during an interview with Xinhua News Agency.
Cryptocurrency crime in Hong Kong hits record levels, with one victim losing HK$124mil to fraudsters
Police say trend is down to more people staying home and going online amid Covid-19 pandemic. Crimes involving the digital currency tend to fall into categories such as money la...
Hong Kong police arrest 824 in illegal gambling busts around Euro 2020
Police say operations racked up most arrests and largest amount of money seized in relation to illegal gambling in 10 years.
Civil servants get jab word driven in
All government employees are obliged to receive a Covid-19 vaccination to lower the risk of infection among colleagues and minimize possible disruption to public services, Secre...
Hong Kong Observatory issues typhoon warning signal No 1
The public has been warned to beware of strong winds and consider changes in weather when planning activities.
Gender equality still amiss at Olympics
Almost half the competitors at the Tokyo Games are women, but in some events and at the top echelons of the organising committee, males still call the shots.
New advisory committee for Hong Kong judiciary will include 4 non-judges
In first for city, laypeople will advise judiciary on how to handle complaints against judges following revamp of system.
Hong Kong women on history-making roll in team table tennis in Tokyo
‘We’re top four in the world, and all three of us are home-grown talent,’ says world No 15 Doo Hoi-kem after leading team through to Olympic semi-final against second seeds Japan.
Slow going in paper chase for expanded cheap fares scheme
People born in 1957 flocked to MTR stations for forms yesterday to apply for JoyYou Cards on its first day of registration amid complaints that both the application form and onl...
Tesla to start delivering Model Ys in Hong Kong and Macau next month
Tesla will start delivering its Model Y SUV in Hong Kong and Macau next month in line with mainland China, the Palo Alto, California-based EV maker said on Monday.
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