Britain and the City are finished; pack your bags and head East. That was the calling cry of famed investor Jim Rogers back in January and it looks like the boss of HSBC is off. HSBC, Britain’s biggest company, is relocating its chief executive from London to Hong Kong in response to the growing dominance of Asia in its strategic ambitions states The Times .

We’re sure Michael Geoghegan will be gutted to move to a part of the world where there’s a 16% tax rate and an economy that’s still growing.

UK’s biggest company moves boss to Hong Kong [The Times]