Georges Elhedery, a 20-year veteran of HSBC, takes over as chief executive

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HSBC wealth chief and COO to depart as Elhedery unveils top team

Investment Banking Editor

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HSBC’s chief operating officer and head of wealth management are stepping down as part of a series of top-level changes by incoming CEO Georges Elhedery.

Nuno Matos, chief executive of HSBC’s global wealth and personal banking unit, and group chief operating officer John Hinshaw are set to depart the UK lender as its new chief executive has unveiled his executive team.

HSBC’s incoming CEO has unveiled his senior team days before taking the top job

Paul Clarke

Banking

Business

FCA’s plan to ease market-maker rules is a new threat to banks

BlackRock faces big challenges over private markets index fund ambitions

Orcel’s daring move on Commerzbank is more than a good spectacle for the City

Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

SEC’s Grewal Moves to Wall Street After Turning Tough as Its Overseer

Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

U.K. Regulator Starts Review Into Motor and Home Insurance Market

Fate of Lina Khan’s Bid to Reshape Antitrust Comes Down to Election

Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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