New HSBC chief to shake up the lender

Great unity: A pedestrian walks past a HSBC branch in Hong Kong. The new CEO made Hong Kong is his port of call after assuming the reigns of the London-headquartered bank. — Reuters

LONDON: With just two weeks under his belt as the new chief executive officer (CEO) of HSBC Holdings Plc, Georges Elhedery has made it clear he’s looking to make his mark on the bank.

Since he took over, Elhedery has weighed kicking off what could amount to HSBC’s most significant restructuring in more than a decade.