Georges Elhedery, who was appointed chief executive in July, had signalled he was considering cutting the number of executives reporting into him.
HSBC revealed the first details of the cull this morning, in an announcement to staff sent around its headquarters at Canada Square in Canary Wharf.
John Hinshaw is leaving his job as chief operating officer, responsible for the day-to-day running of the bank, which he held since December 2019.
This story is from the August 29, 2024 edition of Evening Standard.
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This story is from the August 29, 2024 edition of Evening Standard.
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