HSBC’s Overhaul: A shift in strategy reflecting changing times
As a former senior manager who started my career at HSBC through their Graduate Management Trainee program, I’ve watched with great interest as the bank undergoes a significant transformation. HSBC’s decision to split into four key divisions marks a pivotal moment, and it’s a move that echoes the shifting landscape of global banking. When I joined HSBC, the focus was on seamless global integration—connecting markets in the East and West under one unified strategy. I had the privilege of working within this framework, where the goal was to leverage HSBC’s massive global presence. However, the challenges facing the banking sector today—regulatory complexity, geopolitical tensions, and the rise of regionalism—are clearly pushing HSBC towards a more localised approach This restructuring signals a deeper recognition that the banking environment is more fragmented now than it was during my time at HSBC. The world is no longer as interconnected as we once thought, and businesses must be nimbl...