HSBC launches new capital markets and advisory group to focus on private credit sector growth

From Yahoo Finance: 2025-05-19 05:34:00

HSBC Holdings reorganizes capital markets and advisory divisions to focus on private credit sector growth. New entity merges global financing and investment banking operations. Adam Bagshaw appointed head to expand private credit offerings in Asia and Middle East. CEO Georges Elhedery’s restructuring aims for $1.5bn cost savings.

HSBC Chairman Mark Tucker to retire by end of 2025. Joined board in 2017, became chairman in 2017. Last month, HSBC opened new wealth center in western Singapore. Corporate and institutional banking CEO Michael Roberts sees reorganization as model for future growth opportunities. New capital markets and advisory group aims to serve clients better.

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