HSBC HOLDINGS(HK:00005) Xin Lang Cai Jing·2025-12-13 04:59Group 1 - HSBC has terminated its 160-year-old International Manager Scheme to cut costs, halting recruitment for the program which was designed to develop future leaders within the bank [2][3] - The program, which has historically produced several CEOs, aimed to cultivate versatile managers capable of operating within HSBC's global network, and was previously seen as essential for maintaining a unified corporate culture [2] - The decision to end the program was made by the new CEO Georges Elhedery, who took over in September 2024, reflecting a shift in the bank's approach to employee roles and identity [3] Group 2 - The International Manager role has been described as an outdated relic that created divisions within the bank, with some executives believing that such special status is no longer necessary [3] - HSBC had previously increased recruitment for the International Manager role in 2010, aiming to grow the number to approximately 600 within three to four years, with candidates undergoing extensive training and international assignments [3] - HSBC's response indicated a focus on customer service and the importance of global experience in its talent strategy, with over one-third of employees expected to be reassigned to new positions this year [3]