Senior HSBC Executives Hid Behind Co-Head Roles: CEO

Senior HSBC executives hid behind co-head roles: CEO

Not enough executives were fully accountable for the performance of their businesses. Read more at straitstimes.com.

HSBC CEO Elhedery Slashes Co-Head Roles, Cites Lack of Accountability

HSBC’s drive to become a leaner institution began with dismantling co-management roles that CEO Georges Elhedery said had muddied accountability, an early step in a wider restructuring effort he described to Bloomberg Television. Elhedery, who took charge 15 months ago, has nearly cut the lender’s operating committee in half as part of a restructuring intended to streamline decision making and give executives clearer ownership of their businesse…

HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says

Since taking charge, he has nearly halved the size of the bank’s operating committee

HSBC CEO Says Senior Bankers Hid Behind Co-Head Roles

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