Top executives at HSBC Holdings Plc (HSBA.L)(0005.HK) said there are no immediate plans to move the bank’s headquarters from London, as they met for their regular board meeting on Wednesday amid a surprise shake-up in the corporate suite of Europe’s largest bank.
“We haven’t reached a decision on whether to move the headquarters or not. If we ever come to that decision, that’s the point at which we will evaluate,” said incoming Chief Executive Stuart Gulliver, in reference to speculation sparked by the bank’s decision to move senior management to Hong Kong earlier this year.
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