HSBC restructures into four main divisions under new CEO, with Pam Kaur as the first female CFO.

HSBC is restructuring its operations under new CEO Georges Elhedery, aiming to cut costs and enhance efficiency. The bank will be divided into four main divisions: UK, Hong Kong, corporate and institutional banking, and international wealth and premier banking, effective January 1. This strategy includes consolidating geographic operations into Eastern and Western markets. Pam Kaur has been appointed as the first female CFO, further emphasizing the bank's leadership changes.

October 22, 2024
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