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hsbc to cut 40 investment banking roles in hong kong restructuring

HSBC is set to lay off nearly 40 investment bankers in Hong Kong, including four managing directors, as part of a global restructuring under CEO Georges Elhedery. The cuts span various sectors, including equity capital markets and mergers and acquisitions, as the bank aims to save between $2.5 billion and $3.5 billion by potentially eliminating up to 22,000 positions worldwide. This move follows HSBC's decision to exit merger advisory and equity capital market operations in the UK, Europe, and the Americas, focusing instead on core growth areas in Asia.
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United States Dollar HSBC HOLDINGS HKG USA GBR Luying Gan Heidi Chan Viet Phan Konidela Venkat Rao Show more
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03:52 18.02.2025
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