HSBC Is Likely to Stay Based in London, Aberdeen’s CEO Says
- Martin Gilbert says logistics probably too vast for HSBC move
- CEO says not aware if HSBC has made decision on headquarters
The headquarters of HSBC in the Canary Wharf business, financial and shopping district in London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
HSBC Holdings Plc is likely to stay based in London rather than move its headquarters to Asia, according to Martin Gilbert, chief executive officer of one of the British bank’s biggest shareholders.
“The logistics of moving their headquarters out of London are so vast,” Gilbert, CEO of Aberdeen Asset Management Plc, said in an interview with Bloomberg Television on Tuesday. “I suspect much as they might want to move their headquarters, they will probably on balance stay here.”