HSBC Holdings plc (LON:HSBA) today announced that it is simplifying its organisational structure into four businesses.
From 1 January 2025, HSBC will operate through the following four businesses:
- Hong Kong
- UK
- Corporate and Institutional Banking
- International Wealth and Premier Banking
HONG KONG
The new “Hong Kong Business” will comprise “Personal Banking” and “Commercial Banking” under the business oversight of David Liao and Surendra Rosha at the Group Operating Committee, for both HSBC as well as Hang Seng Bank.
UK
The new “UK…
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