Strategy

HSBC's C-Suite Executive Lineup To Change Soon - Media

Editorial Staff, 9 December 2019

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The bank is reshaping its operations, continuing to put more focus on the faster-growing Asia region. The London/Hong-listed bank, like many of its peers, is tapping into Asia's rise and reducing some of its exposure to slower-growing Europe. The interim CEO is reviewing how the bank is deployed.

HSBC is starting to restructure its senior management and is expected to say in a few days that chief risk officer Marc Moses is to resign, Bloomberg reported yesterday.

The newswire cited unnamed sources for its story. Moses, a qualified accountant, is likely to be replaced by Pam Kaur, head of wholesale market and credit risk.

London/Hong Kong-listed HSBC wants to split the leadership of its investment bank. Gregory Guyett and Georges Elhedery will jointly run the unit once Samir Assaf steps down in the coming months, the report said. Guyett is head of global banking, while Elhedery runs HSBC's global markets business.

The report that said Moses’ departure will be the most senior exit since chief executive John Flint left in August. Flint's replacement, interim chief executive officer Noel Quinn, is reviewing business operations.

The report did not refer to HSBC’s private banking operations. 

To view recent results from the banking group, see here.

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