HSBC hires former Citi executive who clashed with Andy Sieg
Ida Liu to join Europe’s largest lender as head of its global private bank
Ida Liu to join Europe’s largest lender as head of its global private bank

‘International Manager’ programme closed to new recruits as CEO Georges Elhedery reshapes Europe’s largest lender

Scrapping of international manager programme comes despite need for long-term employees schooled in bank’s culture

Georges Elhedery tells FT Global Banking Summit it is ‘not an option’ for lender to fall short in key areas

The bank scoured the globe for candidates only to choose the person already doing the job on an interim basis

First-quarter income dips to $9.4bn, missing analyst expectations

Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market