Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 29

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 29
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 of exceptionally talented leaders. They are each committed to fostering a culture of excellence for our colleagues, driven by a growth-orientated mindset. HSBC’s many talented colleagues around the world are key to delivering the exceptional customer experience that will drive our future growth. We have also simplified the organisation in two important ways. First, by moving away from a complex matrix governance structure built around three business lines and five geographical regions to create four new businesses. Each firmly rooted in our core strengths: – Corporate and Institutional Banking, which combines our two wholesale businesses; – International Wealth and Premier Banking, to focus on accelerating the build out of our global wealth proposition;

| 12 | HSBC Holdings plcAnnual Report on Form 20-F |

Strategic Report

"Our ambition is to unlock HSBC’s full potential for the benefit of all our stakeholders, provide excellent customer outcomes that enhance our franchise and brand, generating the strategic growth that will deliver attractive returns for you, our shareholders." – Our two home markets of Hong Kong and the UK, where we have scale and market- leading positions. HSBC’s supporting infrastructure is being simplified and realigned to enable these four businesses to grow. Simply put, we are aligning our structure to our strategy. Second, we are significantly improving our operating model, led by a tighter team at the Group Operating Committee, that will: – Provide clarity of accountability, empower colleagues to make faster decisions and accelerate the pace at which we generate greater productivity; – Make HSBC simple, with fewer management lines and layers, and less committees, designed to reduce bureaucracy, create closer collaboration, emphasise teamwork, and facilitate the flow of ideas and innovation; – Adapt quickly to the factors that are shaping the economies and industries in which our customers operate; – Sharpen and strengthen our focus on capital efficiency and firm-wide risk management. This will create a step change in the way we work, the way we serve customers and the way we generate sustainable strategic growth, driving higher returns for our shareholders. In short, unlocking HSBC’s full potential. Designed to deliver strong, sustainable strategic growth For 160 years, HSBC has been defined by its financial strength and international network. Both remain enablers of everything we do. What is changing is the clarity, speed and intensity with which we are repositioning HSBC around our four complementary, clearly differentiated businesses. Corporate and Institutional Banking (‘CIB’) is an international wholesale bank with significant competitive advantages. It has a powerful deposit franchise with financing capabilities supported by the strength of our balance sheet