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HSBC has appointed Pam Kaur as its first female finance chief, replacing Georges Elhedery who recently became CEO. The bank also announced a reorganization, dividing its operations into four business units effective January 1, 2025 – Hong Kong, UK, Corporate and Institutional Banking, and International Wealth and Premier Banking. Commercial Banking operations will be consolidated with Global Banking and Markets, and a new Corporate and Institutional Banking unit will include wholesale banking activities of the Western Markets region. The restructuring aims to create a simpler and more agile organization. Pam Kaur, the new CFO, joined HSBC in 2013 and has held senior positions at other global banks. Jon Bingham will resume his role as Global Financial Controller. The appointment of Kaur reflects HSBC’s focus on continuity and growth amid changing economic conditions.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
