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HSBC Asia Pac CEO: Asia Will Have Swift Recovery

Monday, 3 Aug 2009 | 9:43 PM ET

HSBC's Asia Pacific arm has been resilient but it is not immune to the global recession, says Sandy Flockhart, its Asia Pacific CEO. However, he tells CNBC's Martin Soong, Emily Chan & Sri Jegarajah that he is confident this region will recover faster than the developed world.