Media releases

HSBC announces the completion of the next stage of its plans to simplify the Bank’s organisational structure to accelerate the delivery of its strategy.

HSBC details the senior management changes which form part of its global reorganisation.

HSBC announces updates to its senior leadership team. All appointments are effective 1 January 2025.

“We delivered another good quarter, which shows that our strategy is working,” said Group Chief Executive Georges Elhedery.

HSBC Holdings plc (the ‘Company’) today announces that it is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities.

HSBC has announced the appointment of Pam Kaur as Group Chief Financial Officer and an Executive Director of the Board effective 1 January 2025.

SemFi by HSBC, which will deliver embedded finance solutions to business clients, is a joint venture with B2B fintech Tradeshift.

The successful trial marks the latest step by HSBC in pioneering the protection of critical applications from potential future quantum computing attacks.

We’ve announced changes to our senior management team which will help position the Group for the next phase of development and growth.

“We had another strong profit performance in the first half of 2024, which is further evidence that our strategy is working,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc today announces that Georges Elhedery has been appointed as Group Chief Executive, with effect from 2 September 2024.

HSBC Bank (China) Company Limited has completed the acquisition of Citi’s retail wealth management portfolio in mainland China.

“I’m pleased with our start to 2024. Our good profit performance has enabled us to continue the trend of rewarding our shareholders,” said Group Chief Executive Noel Quinn.

“Our record profit performance in 2023 enabled us to reward our shareholders with our highest full-year dividend since 2008,” said Group Chief Executive Noel Quinn.

HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF.

HSBC has become the first bank to pioneer quantum protection for AI-powered foreign exchange trading.

“We’ve had three consecutive quarters of strong financial performance and are on track to achieve our mid-teens return on tangible equity target for 2023,” said Group Chief Executive Noel Quinn.

‘This investment will allow us to further build out our core wealth business in HSBC Bank China,’ said Nuno Matos, CEO, Wealth and Personal Banking.

HSBC has announced plans to make available $1bn of financing to early-stage climate tech companies around the world.

“We have delivered a strong first half performance and are confident of achieving our revised mid-teens return on tangible equity target in 2023 and 2024,” said Group Chief Executive Noel Quinn.