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HSBC HOLDINGS Restructuring Trading Division: Wire
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HSBC HOLDINGS (00005.HK) is reportedly restructuring its trading division. The bank's G10 rates trading unit will merge with the FX, EM rates, and commodities trading teams to form a new global macro division, according to an internal memo obtained by Bloomberg. Meanwhile, derivatives clearing services will be integrated into the global equities team. HSBC stated in a declaration that the structural adjustment aims to enhance client connectivity and operational efficiency, and support the group's development goals in the financing and trading banking sectors. HSBC plans to conduct internal selection shortly to appoint a new head for the global credit and financing division. AASTOCKS Financial News Website: www.aastocks.com |
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