HSBC splits bank between East and West in shake-up
The Independent|October 23, 2024
HSBC has unveiled an overhaul of its global structure as new boss Georges Elhedery looks to reduce costs and home in on the bank’s strongest divisions.
ANNA WISE
HSBC splits bank between East and West in shake-up

The bank said it was simplifying by splitting up into four key units, and geographically into East and West. This includes merging its commercial and institutional banking operations and creating a new international wealth and premier banking division. The other two units will comprise of a new UK business and a Hong Kong business.

It is also set to restructure across geographic lines with the formation of “Eastern markets”, which incorporates Asia and the Middle East, and “Western markets”, comprising of the UK, Europe and the Americas. The changes are set to take effect from 2025.

هذه القصة مأخوذة من طبعة October 23, 2024 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 23, 2024 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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