Since the financial crisis of 2008, HSBC has already shrunk its global footprint by around a quarter, exiting low-growth markets to plough capital and resources into Asia. Nevertheless, pressure is mounting on HSBC to reassert its position before ambitious Chinese rivals steal more of its customers and slowly erode its Hong Kong dominance. Quinn, 62, will relinquish his role by April 2025, handing Tucker his third search for an HSBC CEO, a role several industry commentators have branded the toughest job in banking. "A lot of the world's wealthy and high net worth individuals are based in Asia which means HSBC should put their first priority and major business focus in Asia, particularly China markets," said Yuen, who did not disclose his firm's holdings. India and Dubai should be next in its focus, he added. A source familiar with the matter told Reuters there was no live discussion on the location of HSBC's global headquarters and the issue had not been on the board's radar for some time.