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Bloomberg Talks
HSBC CEO Michael Roberts Talks Company Restructuring
May 23, 2024
HSBC US CEO, Michael Roberts, discusses the company's increased in-person attendance in its New York office, emphasizing its US footprint. Topics covered include revitalizing core capabilities, strategic focus on international commercial banking and wealth management, navigating trade uncertainties, leadership transitions, and strategic growth in global banking.
15:33
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Quick takeaways
- HSBC's in-person attendance has doubled in its New York office post-restructuring, bolstering its US presence.
- HSBC provides expertise to help companies navigate trade uncertainties amidst rising tariffs and trade liberalism.
Deep dives
HSBC's Transformation Plan
HSBC's transformation plan, initiated in 2020, led to a significant restructuring aimed at focusing on international core capabilities. By deconstructing and rebuilding the bank's operations, HSBC now serves international clients in a more specialized and disciplined manner, particularly focusing on trade and entrepreneurs. This strategic shift towards a more concentrated and disciplined approach has positioned HSBC to serve both wholesale and retail clients uniquely and effectively.
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Discover
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