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Georges Elhedery to Relentlessly Reform to Achieve Top 5 Global Position in Competitive Areas
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HSBC HOLDINGS (00005.HK)'s CEO, Georges Elhedery, said that he will relentlessly reform the Group, believing that it is unacceptable if the Group cannot achieve a top five global position in its competitive fields, according to the Financial Times. The decision to close key investment banking operations in the UK, Europe and the Americas had been quite difficult but necessary, Elhedery added. The Group would double down on its M&A and equity capital markets businesses in the Middle East and Asia. AASTOCKS Financial News Website: www.aastocks.com |
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