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HSBC announces new heads of investment banking division

Mon, 09th Dec 2019 09:25

LONDON, Dec 9 (Reuters) - HSBC has named Georges
Elhedery and Greg Guyett as co-heads of the global banking and
markets division, which contains the lender's investment banking
business.

They replace Samir Assaf who will become chairman of
corporate and institutional banking.

Guyett now heads banking while Elhedery runs the markets
business. The two will be tasked with turning around a part of
HSBC's global business that has underperformed in recent years.

The moves are among several senior management changes as
Europe's biggest bank prepares to unveil a new strategy under
interim Chief Executive Noel Quinn, who replaced John Flint in
August.

The bank said on Monday Andy Maguire, chief operating
officer and Mark Moses, chief risk officer would also leave.

(Reporting by Lawrence White; Editing by Edmund Blair)

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