CITY AM – Divide And Conquer
HSBC’s new boss has unveiled a sweeping overhaul of its global structure as Europe’s biggest lender also appointed its first female finance chief.
Georges Elhedery, who took over as chief executive from Noel Quinn at the start of September, has divided the London-based bank into four new divisions – effective from 1 January 2025.
The bank will also revamp its geographical setup with “Eastern markets”, comprising Asia and the Middle East, and “Western markets”, grouping the UK, Europe and Americas.
