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HSBC creates international wealth business in major restructuring
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As part of a sweeping swathe of reforms spearheaded by the group's new CEO Georges Elhedery, HSBC will operate through four business divisions with clear lines of responsibility, one is which will be the international wealth and premier banking division. The business will bring together its premier banking-focussed businesses outside of Hong Kong and the UK, its global private bank, and wealth manufacturing businesses, asset management and insurance, the lender said in a stock exchange notice today (22 October). These changes are set to come into effect from 1 January 2025. HSBC w...
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