Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 15

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 15
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 the confidence we have in our ability to deliver our targets. The tighter, talented leadership team I have put in place at the Group Operating Committee continue to sharpen the focus of our four businesses with direct influence over strategy and execution, alongside accountability for driving results. Organisational simplification Together, we are making meaningful progress in our mission to deliver $1.5bn of annualised savings, with actions taken in the first half resulting in $0.7bn of these cost saves. We remain on track to realise the full $1.5bn in 2027. Reallocation from non-strategic activities We are also making progress in our efforts to generate incremental investment capacity for our priority growth areas. We have announced the strategic disposals of our business in Uruguay, Bahrain retail operations, UK life insurance subsidiary, German custody and fund administration businesses and our French portfolio of home and other loans retained following the disposal of our retail operations in France. We have also taken action to refocus our investment bank, making progress on the winding down of our M&A and equity capital markets activities in Europe, the UK and the Americas to focus on Asia and the Middle East where we have regional market leadership and significant room to grow. We have also expanded our focus on our debt capabilities globally, comprising our Debt Capital Markets and Leveraged and Acquisition Finance franchises, to include our Private Debt activities. Investing for growth By creating this capacity, our priority is investing for growth. In our home markets we will expand the number of wealth centres and enhance our wealth capabilities in Hong Kong, which is expected to become the world’s leading cross-border wealth centre. In the UK, we will enhance our SME coverage and proposition. In CIB, we will further enhance our transaction banking capabilities, including in global payments, trade solutions and foreign exchange where we have leading global propositions. We will also invest in security services, where we have a leading position in Asia and the Middle East. In IWPB, we continue to hire new relationship managers across our priority growth markets, launch new wealth products and invest in technology and training to improve customer experience. We will also modernise the bank by capturing the opportunity of AI and generative AI, and improve customer service through both our mobile apps and contact centres. We will increase productivity with tools such as coding assistants, and improve process efficiency in areas such as onboarding, KYC, credit applications and many others. High performance culture At the same time, we are instilling a culture of excellence, leadership and accountability throughout the bank. This culture priorit