# HSBC appoints new markets head amid wider investment bank reshuffle
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-23
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: HSBC Appoints Patrick George as Head of Markets and
Meta Description: HSBC makes key leadership changes in its investment bank, appointing Patrick George to oversee trading operations and streamlining decision making.
URL: https://financedigest.com/hsbc-appoints-new-markets-head-amid-wider-investment-bank-reshufflehtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-03-23t085301z1lynxmpej2m08srtroptp4hsbc-results-pay-1736814269242-compressed.jpg)

By Lawrence White

LONDON (Reuters) – HSBC has appointed Patrick George as head of markets and securities services, according to a memo seen by Reuters on Thursday, amid a wider reshuffle of the leadership of its investment bank aimed at streamlining decision making.

George takes over the key role overseeing HSBC’s trading operations, and one which had not been formally filled since last October, when the previous head of the division Georges Elhedery was elevated to the bank’s finance chief role in a surprise move.

An HSBC spokesperson confirmed the contents of the memo, which also detailed a raft of other changes to the management of HSBC’s global banking and [markets](https://www.financedigest.com/improving-reputation-in-the-banking-sector-through-marketing-communications.html "IMPROVING REPUTATION IN THE BANKING SECTOR THROUGH MARKETING COMMUNICATIONS") business – which houses its investment bank.

The lender also appointed Lisa McGeough and Gerry Keefe as co-heads of [global banking](https://www.financedigest.com/credit-suisse-54-billion-lifeline-offers-limited-respite-to-global-banks.html "Credit Suisse  billion lifeline offers limited respite to global banks") coverage, the memo said.

HSBC’s head of global [banking and markets](https://www.financedigest.com/in-a-rising-market-are-banking-outsourcers-pulling-their-weight.html "In a rising market, are banking outsourcers pulling their weight?") Greg Guyett, who sent the memo, said he would hold internal meetings in the coming weeks to explain the changes.

The moves will help delegate more [accountability to individual teams](https://www.financedigest.com/what-can-accountants-learn-from-great-britains-olympic-team.html "What can accountants learn from Great Britain’s Olympic team?"), and foster better cooperation among HSBC’s regional and product-aligned businesses, Guyett said in the memo.

(Reporting By Lawrence White, editing by Sinead Cruise)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---