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HSBC splits bank between East and West
HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said
HSBC splits bank between East and West in major overhaul
HSBC's new boss has announced a major overhaul of the bank's structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units,
HSBC splits East and West in major revamp and appoints first female finance chief
By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC Holdings merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that includes the appointment of the bank's first female finance chief.
HSBC shake-up sees operations split between East and West
As part of the re-organisation, HSBC also announced the first-ever female finance chief in the bank's 159-year history. Pam Kau, currently the chief risk and compliance officer, has worked for the bank for more than a decade.
HSBC to overhaul with bank split into East and West
HSBC has unveiled a significant restructuring of its business, which will see the global bank rearrange itself along geographical lines and under four operational units instead of the current three. The bank is simplifying its global structure,
15h
HSBC names first female chief financial officer, unveils a major overhaul
HSBC said Tuesday that it would combine some of its commercial and investment banking operations in a major overhaul under ...
4h
HSBC reorganises to make Hong Kong a ‘top strategic priority’ in global banking business
HSBC Holdings plans to restructure its operations into four business units and the bank said it was appointing Pam Kaur, ...
9h
HSBC Overhauls Bank, Seeking to Balance China and the West
The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its ...
Business Times
9m
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was ...
13h
New CEO clicks HSBC Rubik’s cube into right place
HSBC , has changed a lot in its almost 160-year history. Yet many of its CEOs have grappled with a familiar question: how to ...
2h
HSBC simplifies organizational structure into four businesses
Holdings announced that it is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. From 1 January 2025, the Company will operate ...
6m
HSBC's Kaur joins list of Indian-origin CFOs
HSBC, which was founded by a Scotsman more than 150-years ago, named Pam Kaur the first female chief financial officer in its ...
16h
New HSBC CEO Shakes Up Structure of Europe's Biggest Bank
HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income ...
21h
HSBC merges commercial and investment banking units, names first female CFO
Kaur, 60, who currently serves as HSBC's chief risk and compliance officer, joined the bank in April 2013 as group head of ...
Global Trade Review (GTR)
11h
HSBC to expand e-commerce financing in Hong Kong
HSBC will double the size of trade facilities available to e-commerce merchants in Hong Kong after signing a partnership with ...
1h
on MSN
HSBC's Pam Kaur smashes glass ceiling in major overhaul
HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her ...
3d
on MSN
Beijing urges HSBC to keep backing mainland China and Hong Kong’s development push
Xia Baolong, Beijing's point man on Hong Kong affairs, issues call in meeting with HSBC Group chairman Mark Tucker in ...
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