Investment Banking

HSBC’s equities trading and research to survive Elhedery’s overhaul

The lender is reviewing parts of its investment banking operations

HSBC is going through a major shake-up under CEO Georges Elhedery
HSBC is going through a major shake-up under CEO Georges Elhedery Photo: Jason Alden/Getty Images

HSBC’s equities trading and research units in Europe and the Americas will not be shuttered as chief executive Georges Elhedery continues to overhaul the bank.

The UK lender’s stock trading and research platform will survive Elhedery’s ongoing plans to simplify the bank he took over as CEO in September, according to a person familiar with the matter.

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