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HSBC to stay in Britain, says Aberdeen chief Martin Gilbert

HSBC is likely to keep its headquarters in Britain, according to one of its largest shareholders, weeks before the bank is expected to go public with its decision.

Speaking on Bloomberg Television yesterday, Martin Gilbert, the chief executive of Aberdeen Asset Management, said: The logistics of moving their headquarters out of London are so vast . . . I suspect, much as they might want to move their headquarters, they will probably on balance stay here.

Aberdeen, which has a 2.3 per cent shareholding in HSBC, would back the lender s board regardless of whether it decided to stay or go, Mr Gilbert said



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