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HSBC Asia Pac CEO: Asia Will Have Swift Recovery

9:43 PM ET Mon, 3 Aug 2009

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.