HSBC wealth chief Matos leaves as new CEO shakes up team

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The story "HSBC wealth chief Matos leaves as new CEO shakes up team" was covered 3 days ago by Channel News Asia, a news publisher based in Singapore.

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HSBC wealth chief Matos leaves as new CEO shakes up team - Channel News Asia

Quick Summary:

LONDON : HSBC's Wealth and Personal Banking chief Nuno Matos is resigning to pursue other opportunities, the Asia-focused bank said on Thursday, in one of several significant changes in its leadership on the eve of Georges Elhedery starting as CEO.

"I suspect that Georges will want HSBC to look like a swan over the next five years - stability at the top, but lots of activity under the water," Ben Toms, analyst at RBC Capital Markets, told Reuters.

Matos was a member of the bank's 18-strong group executive committee and has served in several of its largest regions, including Europe and Latin America.