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HSBC reported a record profit before tax of US$32.3 billion for 2024, enabling a total return of US$26.9 billion to shareholders, including a dividend of 87 US cents per share. The bank celebrated its 160th anniversary, emphasizing its commitment to supporting Hong Kong's status as a global financial hub and its ongoing community initiatives. Group CEO Georges Elhedery highlighted the bank's strategic growth and adaptability in a changing economic landscape.
Yvonne Yiu, HSBC's Head of Global Payments Solutions for Greater China, emphasizes the shift towards instant digital payments, enhancing global transaction efficiency. With a focus on real-time payment infrastructure, HSBC aims to lead in cash management and support companies expanding overseas. Yiu also champions female leadership, advocating for increased representation and a supportive work environment for all employees.
Yvonne Yiu, co-head of HSBC’s Global Payment Solutions for Asia-Pacific, emphasizes the shift towards instant, digital payments, positioning HSBC as a leader in cash management. With a focus on real-time payment infrastructure, Yiu aims to support clients' global expansion while promoting female leadership within the bank, targeting a 35% representation of women in senior roles. HSBC fosters a supportive work environment, encouraging relaxed dress codes and training for women bankers to advance their careers.
HSBC's restructuring of its Asia division has resulted in a significant loss of senior roles for women, with only two out of 15 new positions going to female executives. Notable departures include Christina Ma and Amanda Murphy, while the majority of top roles in key markets were filled by men. Despite this, HSBC maintains that diversity remains a priority, with women holding 34.6% of senior leadership roles in 2024, a slight increase from the previous year.
HSBC's restructuring has resulted in a significant loss of senior roles for women in Asia, with only two out of 15 positions filled by female executives. Notable departures include Christina Ma and Amanda Murphy, while the bank's CEO emphasizes diversity as a priority despite the recent appointments favoring men. Overall, women hold 34.6% of senior leadership roles at HSBC, a slight increase from the previous year.
HSBC's recent restructuring in its corporate and institutional banking division has led to a decline in women's representation in senior roles across Asia, with only two out of 15 appointments going to women. Notable female leaders, including Christina Ma and Amanda Murphy, lost out in the reorganization, prompting internal discussions about diversity. Despite this, HSBC maintains a commitment to diversity, with women holding 34.6% of senior leadership positions overall, slightly up from the previous year.
HSBC reported a 50% increase in intercepted suspicious transactions over the past year, driven by enhanced anti-fraud technology and a new alert system for online banking users. The system flags unusual activities and allows users to review transactions before completion, while the bank also launched a Fraud University exhibition to educate the public on scams. The Hong Kong Monetary Authority urged banks to offer customers options to disable unnecessary online banking functions to reduce fraud risks.
Macau is enhancing its financial sector by developing its bond market, which has seen significant growth since 2018, with 332 bonds issued by mid-2024, 15% of which are ESG-related. The region is also strengthening its role in the Greater Bay Area, facilitating investments and cultural exchanges while maintaining a focus on tourism and leisure.
Luanne Lim
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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