HSBC will cut 35,000 jobs and $100 Billion in assets in the next 3 years as it scales back operations in the U.S. and Europe. They have developed a detailed restructuring plan to address the low-return portfolios of Europe and the U.S. and to reshape Global Banking and Markets. There are plans to create a combined Wealth and Personal Banking business. The Global Banking & Markets and Commercial Banking division will incur the most restructuring. They have begun an ambitious simplification and cost-reduction program, while increasing IT investment. Total forecasted IT Budget for 2020 is $3.9 Billion They have reorganized their management structure with 9 new senior executives joining in 2019 & 2020 *NEW* Senior Executive Leaders This is a robust plan built around things they can control - delayer and de-matrix the organization - more agility and simplicity in the organization The rundown program is likely to take 3 years to execute, with a dedicated team now set up to execute it. - They have established a dedicated transformation team to focus on executing the restructuring - There is a separate team focused on building future growth strategies There is a 3 to 4 year plan to create a single data warehouse and heavily use the cloud which should lead to a dramatic improvement in the productivity of the finance department. And they foresee similar efficiency programs across much of the back office and middle office. John Hinshaw is the new Group COO (Feb 2020) who's got a deep background in technology and has led similar restructurings at HPE where he was EVP and managed technology and operations functions. Contact databahn to see a more a more detailed company profile report on HSBC. info@databahn.com

1. February 18, 2020
9 Reasons HSBC is an Excellent Prospect

2. If you read the latest HSBC headlines, they might not look
like a great prospect right now…
“HSBC will cut 35,000 jobs and $100
Billion in assets in the next 3 years as it
scales back operations in the U.S. and
Europe.”

3. If you take the time to look below surface level, they’re an
excellent prospect in 2020, here’s why…
They have developed a detailed restructuring
plan to address the low-return portfolios of
Europe and the U.S. and to reshape Global
Banking and Markets.

4. There are plans to create a combined Wealth and
Personal Banking business.
Charlie Nunn
Chief Executive, Wealth & Personal Banking
Appointed February 2020

5. The Global Banking & Markets and Commercial Banking division will incur
the most restructuring.
Samir Assaf (since Jan 2011)
Chief Executive, Global Banking
and Markets
Barry O’Byrne (*NEW*Aug 2019)
Chief Executive, Global Commercial
Banking

6. They have begun an ambitious simplification and cost-
reduction program, while increasing IT investment.
Total forecasted IT Budget for 2020 is $3.9 Billion

7. They have reorganized their management structure with
9 new senior executives joining in 2019 & 2020

8. *NEW* Senior Executive Leaders
Noel Quinn (Aug 2019)
Group Chief Executive
Ewen Stevenson (Jan 2019)
Group Chief Financial Officer
Jonathan Calvert-Davies (Oct 2019)
Group Head of Internal Audit
John Hinshaw (Feb 2020)
Group Chief Operating Officer
Pam Kaur (Jan 2020)
Group Chief Risk Officer
Charlie Nunn (Feb 2020)
CEO, Wealth and Personal Banking
Barry O’Byrne (Aug 2019)
CEO, Global Commercial Banking
Michael Roberts (Oct 2019)
President and CEO, HSBC USA
António Simões (Jan 2019)
CEO, Global Private Banking

9. This is a robust plan built around things they can control
➙delayer and de-matrix the organization
➙more agility and simplicity in the organization
BEFORE AFTER

10. The rundown program is likely to take 3 years to execute,
with a dedicated team now set up to execute it.
➙They have established a dedicated transformation
team to focus on executing the restructuring
➙There is a separate team focused on building future
growth strategies

11. There is a 3 to 4 year plan to create a single data warehouse and
heavily use the cloud which should lead to a dramatic improvement
in the productivity of the finance department.
And they foresee similar efficiency programs across much of the back
office and middle office.

12. John Hinshaw is the new Group COO (Feb 2020) who's
got a deep background in technology and has led similar
restructurings at HPE where he was EVP and managed
technology and operations functions.

13. The HSBC deep dive company profile report has 100+ pages
of actionable sales intelligence.
databahn help account executives and marketers eliminate
costly research time and uncover new sales pipeline
opportunities.
Please visit www.databahn.com to request a sample
Global 2000 company profile report.
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