HSBC divides into four businesses in major overhaul of operations
Briefly

from www.theguardian.com3 months ago
The bank is undergoing a significant organizational overhaul, creating four distinct businesses and new geographical divisions to enhance operational efficiency and respond to geopolitical challenges.
www.theguardian.comhttps://www.theguardian.com/business/2024/oct/22/hsbc-divides-into-four-business-in-major-overhaul-of-operations
Georges Elhedery, HSBC's new CEO, emphasized that the UK and Hong Kong are the bank's core strengths, leading to standalone divisions for both regions.
www.theguardian.comhttps://www.theguardian.com/business/2024/oct/22/hsbc-divides-into-four-business-in-major-overhaul-of-operations
Pam Kaur's promotion to CFO marks a historic milestone for HSBC, as she becomes the first woman to hold this position in the bank's 159-year history.
www.theguardian.comhttps://www.theguardian.com/business/2024/oct/22/hsbc-divides-into-four-business-in-major-overhaul-of-operations
The restructuring aims to navigate increasing geopolitical tensions, with the eastern markets division focusing on Asia Pacific and the Middle East, aimed at enhancing competitiveness.
www.theguardian.comhttps://www.theguardian.com/business/2024/oct/22/hsbc-divides-into-four-business-in-major-overhaul-of-operations
Read at www.theguardian.com
#hsbc #geopolitical-tensions #restructuring #leadership-changes #womens-advancement
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