HSBC says keeps main CEO office in Hong Kong

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HSBC's (HSBA.L) new chief executive's main office will remain in Hong Kong after the symbolic shift of the CEO office there last year, Europe's biggest bank said on Tuesday. Stuart Gulliver, who became CEO in January, will retain an office in London and is expected to spend much of his time at HSBC's London headquarters. However the bank said a report he had dropped plans to be based in Asia was "entirely incorrect".
"The group CEO's principal office remains in Hong Kong, there's no change in that," said Richard Beck, spokesman for the bank.
Gulliver was named CEO in September after a shock boardroom upheaval prompted by a change in chairman, and said at that time he would be based in Hong Kong.
Previous CEO Michael Geoghegan announced he was moving to Hong Kong with much fanfare a year ago. On his first official day as CEO entering the stylish Norman Foster-designed HSBC building in the territory's Central district he was greeted by dozens of applauding employees.
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