HSBC CEO Says Asia Turmoil Is Slowing Pace of Hiring in China
- 4,000 jobs in Pearl River Delta may be added `slightly slower'
- Bank needs to be `streewise' on redeploying assets to Asia
Stuart Gulliver, chief executive officer of HSBC Holdings.
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HSBC Holdings Plc may slow the pace of hiring in China’s Pearl River Delta amid a market rout and cooling growth in the world’s second-largest economy, Chief Executive Officer Stuart Gulliver said.
While the bank still plans to add some 4,000 jobs in China’s southeast region in coming years, it may happen at a “slightly slower” pace, Gulliver said in a telephone interview on Monday. HSBC will provide an update on the scale of a planned redeployment of about $100 billion of risk-weighted assets to Asia alongside full-year results on Feb. 22, he said.