13th Jan 2016 06:47
LONDON (Alliance News) - A major shareholder in HSBC Holdings PLC has predicted the lender will decide to keep its headquarters in the UK and not relocate it to Asia, the Financial Times reported.
Martin Gilbert, the chief executive of Aberdeen Asset Management PLC, which is HSBC's fifth-largest shareholder, said the logistics involved in the bank moving its headquarters would be "so vast" that the bank is more likely, on balance, to remain in the UK.
HSBC is due to make a decision on whether it will re-domicile later this month.
https://next.ft.com/content/11c28992-b91f-11e5-b151-8e15c9a029fb
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
HSBC HoldingsADN.L