Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 23

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 23
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 For further details, see page 33 . For further details on our organisational update, see page 8 .

Revenue in 2024 by global business 1 WPB 42% CMB 32% GBM 26% 1 Calculation is based on revenue of our global businesses excluding Corporate Centre. Corporate Centre had negative revenue of $1,929m in 2024. See page 35 for details of Corporate Centre results in 2024.

| 8 | HSBC Holdings plcAnnual Report on Form 20-F |

Strategic Report

Our new Effective from 1 January 2025, we have implemented a new organisational business structure that aims to unleash our full potential by building on our strong progress in recent years and driving our success into the future. organisational structure

| Hong KongBeing the market leader in our home market of HongKong is one of our clear strengths and remains astrategic priority.                                                                                                                                                                        |     | UKOur UK ring-fenced bank has a leading marketposition in our home market of the UK and willcontinue to be a critical pillar of our strategy.                                                                                 |
| Corporate and InstitutionalBankingOur new Corporate and Institutional Bankingbusiness is a market leader in cross-bordertransaction banking and capital markets andintegrates our Commercial Banking business(outside the UK and Hong Kong) with our GlobalBanking and Markets business.              |     | International Wealthand Premier BankingThis business brings together Premier focusedbanking (outside Hong Kong and the UK), our GlobalPrivate Bank, and our wealth manufacturingbusinesses of Asset Management and Insurance. |
| Group Operating Committee                                                                                                                                                                                                                                                                             |     |                                                                                                                                                                                                                               |
| To align with the new structure, a new Group Operating Committee comprised of 12 members now serves asthe leading decision-making committee of the Group, replacing the Group Executive Committee of 18members. The Group’s functions are also being realigned to support the new business structure. |     |                                                                                                                                                                                                                               |
| * Both our Hong Kong and UK businesses will serve our personal banking customers and commercial clients residing in thesehome markets.                                                                                                                                                                |     |                                                                                                                                                                                                                               |
| For further details on our senior management team, see page272.                                                                                                                                                                                                                                       |     |                                                                                                                                                                                                                               |

Our values Our values help define who we are as an organisation, and are key to our long-term success.

| We valuedifference | We succeedtogether | We takeresponsibility | We getit done |

Our stakeholders Building strong relationships with our stakeholders helps enable us to deliver our strategy