HSBC’s top executives prepare moves to Asia

Economic realities: Street signs outside an HSBC Holdings bank branch in Chelmsford, UK. The pivot to Asia comes just 12 months after an overhaul that called for cutting 35,000 jobs, about 15% of the total, over three years. ─ Bloomberg

LONDON: HSBC Holdings Plc is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its centre of gravity.

A cadre of senior executives is set to relocate in coming months to Hong Kong from HSBC’s Canary Wharf headquarters, say people familiar with the plans, as Europe’s biggest bank pares its global ambitions.