The new leadership structure, which includes the appointment of Pam Corr as chief financial officer, the first woman to hold the position, will “unleash our full potential and drive future success,” Al-Haidari said in a memo to staff.
The group is working to divide its operations into four main sectors: Britain Hong Kong, corporate and institutional banking and wealth banking.
And serve Commercial Bank The group has more than 1.2 million customers, from startups to large companies, and has the potential to boost the company’s profits if it is able to convince its customers to buy more products.
However, sources in the group previously told Reuters that executives in that branch of the business are seeking to protect their clients from the efforts of those working in the investment banking activities of the global banking division aimed at selling investment products.
By combining the two divisions in the corporate and institutional banking sector, with the exception of Hong Kong In Britain, Al-Haidari hopes to drive closer collaboration and realize the bank’s recently announced focus on selling more products across sectors to internationally focused clients.
And he did not mention HSBC Bank The amount of expected cost savings or the number of jobs that will be affected.
In addition to the structural adjustments, HSBC Bank announced a set of changes in its senior management.
Kaur, 60, will take over as chief financial officer after previously serving as chief risk and compliance officer. Kaur joined the group in April 2013 as Head of the Internal Audit Group.
Greg Gayette, Chief Executive Officer, Global Banking and Markets, will assume the role of Group President Customers Strategists, a new position in the company structure.
An internal memo said that the bank’s head of Europe, Colin Bell, who had been seen as a potential candidate for CEO, would leave the bank, as would its Middle East head, Stephen Moss.
HSBC has been seeking for years to eliminate duplicate tasks and reduce its business in Western markets such as the United States, France and Canada, and focus on Asia and markets where it has the potential to grow.
