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[Bloomberg]
HSBC is undergoing a restructuring under CEO Georges Elhedery, with significant management changes including the departure of Global Head of Private Banking Annabel Spring. Gabriel Castello, currently CEO of HSBC Switzerland, will serve as interim CEO of Global Private Banking and Wealth while retaining his other roles. The bank aims to enhance its strategic priorities through this reorganization.
HSBC is undergoing a restructuring under CEO Georges Elhedery, with Gabriel Castello, CEO of HSBC Switzerland, stepping in as interim CEO of Global Private Banking and Wealth. This change follows the departure of several senior executives, including the Global Head of Private Banking, as the bank implements a new organizational structure to enhance strategic priorities. Castello, who joined HSBC in 2022, brings extensive international experience and will continue to oversee HSBC Private Bank in Switzerland during this transition.
Matthew Ginsburg
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