The thousands of HSBC employees in Canary Wharf were summoned to meet their managers today to be told the news their leader was upping sticks to Hong Kong.

Staffers on their way out of the building seemed fairly relaxed about the implications for UK jobs, but there were concerns about the effect of the move on London and potential reputational damage for the bank. They would only speak on condition of anonymity.

One banker said: “There's been no frantic reaction in the building. But I am concerned that in London our reputation might be damaged. Some people might think this office is no longer the global headquarters but day-to-day there won't be any difference.”

Another, also describing himself as an HSBC banker, added: “It's a symbolic move and long term this is bad for London. I reckon it might be harder for the Bank of England to negotiate with HSBC when the chief executive is in Hong Kong. In the building now it's calm, but who knows about the future?”

Others were more upbeat. Said one: “In the long run this could be good for the City. Expanding in the East looks like the most successful route right now and success will inject more into the UK economy as long as the bank stays based here.”

Another said: “I'm not worried about the bank moving out completely.” Pointing at the vast HSBC Tower, he added: “They've invested heavily in the London base — not least in this monstrosity. There are no major concerns for jobs here.”

A finance department worker added: “The decision has been made because of the opportunities in the Far East, and about the bank's direction rather than a stick in the eye for the City.”