HSBC has announced new Investment Banking Leadership as part of global restructuring plan
Updated: Sep 5
HSBC has reshaped the leadership of its investment banking operations as chief executive Georges Elhedery accelerates a sweeping reorganisation designed to simplify the group and sharpen its focus on businesses where it holds a competitive advantage.
Adam Bagshaw has been appointed Global Head of Investment Banking, strengthening HSBC’s leadership across corporate finance and international client relationships. He previously served as co-head of global banking alongside Matthew Ginsburg, who is scheduled to retire from HSBC in March 2025.
The appointments form part of HSBC’s new Corporate and Institutional Banking division, which combines its commercial banking operations outside Hong Kong and the UK with its global banking and markets activities. The broader organisational structure will operate through four main businesses from 1 January 2025.
Elhedery said, "The new structure will ensure we can better focus on the businesses where we have clear competitive advantage and the greatest opportunities to grow."
HSBC has also promoted Lisa McGeough to become chief executive of its US operations, giving her responsibility for all businesses in the country, including North American Corporate and Institutional Banking coverage. McGeough previously served as co-head of global banking coverage and joined HSBC in 2021 following more than 15 years at Wells Fargo.
The restructuring reflects HSBC’s push to create a leaner organisation while improving connectivity between its major international markets.
Earlier in 2024, Bagshaw and Ginsburg said changes to the investment bank would create a more streamlined model adding, "The simplified structure means teams can operate with more agility and flexibility and positions us for growth."
The leadership overhaul places renewed emphasis on HSBC’s global corporate and institutional franchise as the bank seeks stronger growth, greater efficiency and closer integration across its international network.