Georges Elhedery, CEO of HSBC Holdings Plc, discusses the bank’s restructuring initiative and its global strategy. Elhedery says HSBC has "great momentum" and expects to reallocate $1.5 billion in efficiencies into areas of growth and strength. He says he also expects to double down on investment banking operations in Asia and the Middle East after exiting key businesses in Europe and the US. Elhedery speaks exclusively to Bloomberg’s David Ingles on the sidelines of the HSBC Global Investment Summit in Hong Kong.
00:00 – Elhedery on HSBC’s simplification process
02:40 – Cost savings from the restructuring
06:21 – HSBC’s upcoming announcements and serving customers
08:18 – Elhedery on talent retention
09:07 – HSBC’s Hong Kong business
10:48 – Investment banking in Asia Pacific
12:27 – Elhedery shares his macro outlook
——–
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