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.

00:00 - Elhedery on HSBC's simplification process
02:40 - Cost savings from the restructuring
06:21 - HSBC's upcoming announcements and serving customers
08:18 - Elhedery on talent retention
09:07 - HSBC's Hong Kong business
10:48 - Investment banking in Asia Pacific
12:27 - Elhedery shares his macro outlook
--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[steveong]

Great video! Hope the restructuring will enable HSBC to deliver a dividend yield of at least 7% in the coming years as in the past 160 years, so that it can lead in the GBA region for investors to include as part of their portfolio and enjoy the compounding effect. This will be great for HK as the hub for family offices and wealth management - wealth creation starts at HSBC!

[edbouhl]

I’d love to hear what the strategy is now that Trump has thrown wrenches into existing global relations.