The lender will also shorten a four-year associate programme for certain groups in hub locations, including Hong Kong, London and the United States, according to an internal memo seen by Bloomberg News.
LONDON: HSBC Holdings Plc’s global banking unit will raise fixed pay for junior investment bankers in key hubs and hire more of them to share the workload, becoming the latest global firm to take steps to address burnout among staff.
The lender will also shorten a four-year associate programme for certain groups in hub locations, including Hong Kong, London and the United States, according to an internal memo seen by Bloomberg News.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
