7th Jun 2016 08:35
LONDON (Alliance News) - HSBC Holdings PLC is restructuring its investment banking operations to bring together the units which handle companies and financial groups to try to cut costs and expand its presence in the advisory services and equity capital markets sector, the Financial Times reported.
Samir Assaf, the head of the HSBC Global Banking & Markets division, told the FT no direct job losses will result from the reshuffle.
In a memo to employees on Monday, the bank said it expects to become "more agile and holistic" through the changes, according to the newspaper.
https://next.ft.com/content/6b15d17a-2bde-11e6-bf8d-26294ad519fc
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
HSBC Holdings