Bucknall and Powell follow Gulliver's travels

Sources within HSBC have confirmed that the bank will announce this morning that Mike Powell, who runs the global markets team in Asia, is to leave Hong Kong in July and move to London. There he will become European head of global markets and Treasurer of HSBC Bank PLC. Essentially this mirrors the same role he has held in Hong Kong since Stuart Gulliver departed earlier this year to run global markets.