LONDON (Reuters) – HSBC (L:) 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.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.