HSBC names Pam Kaur as first female CFO amid major restructuring

Group 1 - HSBC appointed Pam Kaur as its first female finance chief, effective January 1, taking over from interim CFO Jon Bingham [1] - This leadership change follows the appointment of Georges Elhedery as CEO in July, marking a significant shift in the bank's management [1] - HSBC plans to consolidate its operations into four business units to streamline processes and decision-making [1] Group 2 - The new structure aims to create a simpler, more dynamic organization focused on strategic priorities, which remain unchanged [2] - The corporate and institutional banking unit will integrate commercial banking (outside Hong Kong and the U.K.), global banking and markets, and Western markets wholesale banking operations [2]