HSBC Announces Significant Job Cuts Amid Restructuring Under CEO Georges Elhedery
ByAinvest
Tuesday, May 27, 2025 3:31 am ET1min read
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HSBC has cut over two dozen analysts, including Steven Major, global head of fixed income research, in a significant restructure under CEO Georges Elhedery. The bank is also combining macro strategy across asset classes. The move comes as NatWest prepares to be free of government ownership for the first time in almost two decades.
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