The Asian banking centers of Hong Kong and Singapore are taking Endeavour from London. This is because the bank has decided to move its headquarters from U. K. This has been stated by HSBC Holdings Plc Chairman Douglas Flint.

Flint who is of 55, told a parliamentary committee at the House of Commons in London today that there is some proof of perceptible growth in Singapore and Hong Kong.

There are three 200,000 square-foot buildings which are taken by international banks in Singapore. If these were not taken by the banks then they might have gone somewhere else.

Flint was asked a question whether that works if they have gone to London, he replied that it was business that they would have had in the British capital. Re-allocation to Asia was natural and was decided for the current period of time.

Flint has also added that the decision will be taken by the Europe’s biggest bank, HSBC whether to keep its headquarters in London this year. On the other hand, the British government has now appointed Independent Commission on Banking.