Media releases

We’ve officially opened our Wealth Centre in Menara IQ, Tun Razak Exchange – Malaysia's leading international financial district. This centre reflects our commitment to supporting the growing wealth segment in Malaysia as the country transitions towards high-income status.

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.

HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.

HSBC is the first bank to join BT and Toshiba’s pioneering commercial quantum secure metro network, working in collaboration with Amazon Web Services (AWS).

New standalone entity, formerly Silicon Valley Bank UK, will be core to HSBC’s strengthened global innovation economy proposition.

“Our strong first quarter performance provides further evidence that our strategy is working,“ said Group Chief Executive Noel Quinn.

The Board of HSBC believes a structural reconfiguration of HSBC Asia Pacific would result in material loss of value for HSBC shareholders.

Significant interest rate rises since the sale terms were agreed and the related fair value accounting treatment on acquisition have made completion by the Purchaser Group less certain.

HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.

“2022 was another good year for HSBC,” said Group Chief Executive Noel Quinn. “We completed the first phase of our transformation and our international connectivity is now underpinned by good, broad-based profit generation around the world.”

HSBC Holdings plc announces its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has today entered into an agreement to sell its banking business in Canada (‘HSBC Canada’) to Royal Bank of Canada, subject to regulatory and governmental approvals.

HSBC Holdings plc announces Georges Elhedery appointed as Group Financial Officer and Executive Director, Greg Guyett appointed CEO of GBM - Ewen Stevenson to step down.

“We maintained our strong momentum in the third quarter and delivered a good set of results,” said Group Chief Executive Noel Quinn.

22 September 2022 – HSBC Asset Management (HSBC AM), has announced its policy to phase out coal-fired power and thermal coal mining (‘thermal coal’) from its listed holdings.

“Our first-half performance reflects the continued impact of our strategy, with gathering revenue momentum and tight cost control,” said Group Chief Executive Noel Quinn.

“Our strategy is on track, with organic growth and good momentum across most parts of the Group,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc (‘HSBC’) today announces plans to continue our leadership on climate change and outlines three steps we will take to turn our net zero ambition for our portfolio of clients into business transformation across the bank.

HSBC Holdings plc reported profit before tax of USD18.9bn in 2021, up USD10.1bn on 2020. “We have good momentum coming into 2022,” said Group Chief Executive Noel Quinn.

HSBC Holdings plc (HSBC) today publishes ambitious new 2030 targets for reductions in financed emissions from two carbon intensive sectors, Oil and Gas, and Power and Utilities.

Further to the announcement on 16 August 2021, HSBC Insurance (Asia Pacific) Holdings Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBC), has completed the acquisition of 100% of the issued share capital of AXA Insurance Pte Limited (AXA Singapore).

HSBC Holdings plc (“HSBC”) is today announcing it is investing USD100m as an anchor partner in Breakthrough Energy Catalyst, (“Catalyst”), a groundbreaking programme that leverages private-public capital to accelerate the development of clean technologies that will help achieve net-zero emissions by 2050.