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Asiamoney anniversary interview: Stuart Gulliver

Date: 29 Jun 2009

In the first of a two-part interview to celebrate Asiamoney magazine’s 20th anniversary, the chief executive of global banking and markets for HSBC Holdings talks about defining moments for the business, its weakness in equity capital markets and the best and worst investment decisions over the past two decades.

Keywords (click to search): [Stuart Gulliver] [Asiamoney anniversary] [interview]

Asiamoney [AM]: Where were you in 1989 and what were you doing?

Stuart Gulliver (pictured right), chief executive of global banking and markets, HSBC Holdings [SG]: I moved from London to Hong Kong in 1989 about two weeks before Tiananmen Square. The move was to work directly for [group chairman of HSBC Holdings since 2006] Stephen Green in an area that was then called group treasury development. This was the strategic development and planning area for developing the whole dealing room suite globally. Head office functions were still being carried out in Hong Kong in 1989. It wasn’t until 1992 that the head office moved back to the UK. That’s when Stephen Green and [former chairman of HSBC Holdings] Willie Purvis moved back to London and I moved up to run the Tokyo dealing room in 1992.

AM: How did your business look then?

SG: In 1989, our...

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