HSBC CEO Elhedery on Restructuring, Vision for Bank
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.
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