How HSBC regained its mantle as Asia’s best bank

Despite its roots in the region, HSBC’s Asian woes have sometimes seemed endemic. It has been overly dependent on Hong Kong and too often caught in Sino-US crosshairs. But under regional co-CEOs Surendra Rosha and David Liao, the lender has regained its confidence, is more regionally diverse than ever, and is busy posting record profits.

Surendra Rosha and David Liao stride into the meeting room on the 43rd floor of HSBC’s Hong Kong head office and offer firm handshakes.

The room was recently renovated – it smells slightly clinical, like a new car. And with its circular windows and maritime furnishings, it resembles – rather aptly given the prevailing view over Hong Kong’s bustling harbour – the bridge on an ocean liner. Fizzy water is served in tall glasses, pleasantries are exchanged, seats are taken.

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