HSBC embarks on major restructuring, names first female CFO
Aaron P | Bauer-Griffin | GC Images | Getty ImagesHSBC on Tuesday unveiled a new geographic setup and consolidated its operations into four business units, amid a key overhaul that delivered the lender's first female finance chief.The bank's shares were flat in early London trade Tuesday. The U.K.-listed stock is up more than 6% over the year-to-date.As part of the restructuring outlined in regulatory filings with the Hong Kong bourse, HSBC plans to divide its operations between an "Eastern markets" branch, reuniting Asia-Pacific and the Middle East, along with a "Western markets" division, comprising the non-ringed-fenced U.K. bank, the continental European business and the Americas.Chinese insurer Ping An, HSBC's largest shareholder with a more-than-9% stake, has previously campaigned fo...










