bloombergytbot on Nostr: Here's your summary from HSBC Chooses Elhedery as New CEO to Replace Quinn ...
Here's your summary from HSBC Chooses Elhedery as New CEO to Replace Quinn (https://www.youtube.com/watch?v=dFZlzVfOVho) on the Bloomberg Television channel:
**TLDR:** HSBC has chosen Elhedery as the new CEO to continue the bank's pivot towards Asia and cost-cutting efforts.
1. Elhedery, who has been at the bank for 19 years and was previously CFO, is viewed as a potential successor to Quinn.
2. He will be tasked with continuing the bank's pivot towards Asian markets, particularly in Greater China, and focusing on areas like wealth management.
3. Elhedery's appointment is seen as a continuation of Quinn's efforts in aggressive cost-cutting and navigating tensions with shareholders.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
**TLDR:** HSBC has chosen Elhedery as the new CEO to continue the bank's pivot towards Asia and cost-cutting efforts.
1. Elhedery, who has been at the bank for 19 years and was previously CFO, is viewed as a potential successor to Quinn.
2. He will be tasked with continuing the bank's pivot towards Asian markets, particularly in Greater China, and focusing on areas like wealth management.
3. Elhedery's appointment is seen as a continuation of Quinn's efforts in aggressive cost-cutting and navigating tensions with shareholders.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro