The co-head of HSBC’s investment bank is set to move from London to Hong Kong, as the UK lender continues to shift key functions and executives out of the City to its biggest market in Asia.

Greg Guyett, co-CEO of global banking and markets at HSBC, will move to Hong Kong along with Nuno Matos, chief executive of wealth and personal banking, Barry O’Byrne, chief executive of global commercial banking, according to an internal memo seen by Financial News.