HSBC to restructure into four units; appoints CFO

From January 1, 2025, the bank will operate through four businesses: Hong Kong, the UK; corporate and institutional banking; and international wealth and premier banking. The Apac and Middle East units will also be combined.

HSBC Holdings has decided to change its organisational structure into four businesses as the London-headquartered bank looks to save costs under its new group chief executive officer (CEO) Georges Elhedery.  

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