HSBC Holdings said on Oct 22 it would combine its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery that has also seen key senior staff depart.HONG KONG/LONDON — HSBC Holdings said on Tuesday it would combine its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery that has also seen key senior staff depart.
The new leadership structure, which includes the appointment of Pam Kaur as the lender's first female chief financial officer, would "unleash our full potential and drive success into the future," Elhedery said in a memo to staff.
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