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| year-on-year increase in Asia’s investment banking revenues |
Geoghegan’s move is a natural step given HSBC’s roots in Hong Kong but it also underscores how Asia’s stock has risen among financial institutions as a potential source of profits in the immediate post-crisis future. Dealogic’s third-quarter figures for global investment banking revenues show that Asia was the only region that increased its total core revenues; the EMEA and Americas regions declined by 12% and 18% respectively, Asia’s 22% year-on-year increase meant that its overall share of global revenues grew from 13% to 18%.