HSBC to Put Some Investment Bankers on Retention Agreements, Bloomberg Says, Citing Sources

Dow Jones

03-13

--HSBC is putting some of its investment bankers on short-term retention agreements, Bloomberg reports, citing unnamed sources.

--The bank said it would shut selected investment banking units as part of a wide restructuring under new Chief Executive Georges Elhedery.

--It is unclear how many bankers would be affected by these three- to six-month work arrangements to finish client mandates as well as the removal of vice chair roles in several markets, according to Bloomberg.

Full story: https://tinyurl.com/4nc5mmud

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

March 13, 2025 07:11 ET (11:11 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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