HSBC is considering cutting middle managers as part of a broader set of changes under new chief executive Georges Elhedery

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HSBC mulls reducing middle management under new CEO Elhedery

Investment Banking Editor

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HSBC’s incoming chief executive is mulling plans to strip out layers of middle management and reduce the number of country heads at the UK lender. 

Georges Elhedery, who was named as HSBC’s new chief executive in July, is considering reducing complexity at the UK lender and naming new bankers in key positions, 

 reported, citing people familiar with the matter. 

The new chief executive is also likely to cut the number of country heads

Paul Clarke

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