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hsbc's strategic shift under elhedery navigating investment banking challenges
Georges Elhedery, HSBC's new CEO, is restructuring the bank by exiting M&A advisory and equity capital markets in Europe and North America to focus on profitable Asian franchises. This shift aims to address long-standing internal tensions and clarify the bank's global versus regional identity, while navigating the complexities of value generation in investment banking. The challenge lies in making decisive changes that have been avoided for decades, as HSBC remains a large and complicated institution.
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