HSBC will primarily cut senior roles in overhaul of management structure: CEO

Quick Summary:

The cuts will take place swiftly, with the outcome of the restructuring to be disclosed in February 2025.

Under its current set-up, the bank runs three main divisions – commercial banking, global banking, and wealth and personal banking.

In an interview in June 2023, the bank told The Straits Times that it had appointed and moved some of its most senior executives from key London and Hong Kong offices to Singapore.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: Kong Hsbc Banking Senior Costs Roles Singapore Restructuring Bank’s Hong Other

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:18:05 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 678 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23339596

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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