HSBC job losses to begin in weeks amid lender’s sweeping overhaul, high-level boss says
“We are very much aware that this is distracting, this is disruptive, so we are going to do this as quickly as possible,” Roberts told Bloomberg TV’s Manus Cranny. “I’m talking weeks before we announce the first level followed by several other weeks. We’re going to be working very, very quickly.”
He said there will be details on the total number of affected jobs around the time of HSBC’s full-year results. “By the time we get to February, not only are we going to have a number in place, we’re going to have an organisational structure in place,” he said.
Roberts runs HSBC’s business in the US and Americas, having joined five years ago after more than three decades at Citigroup, most recently as its chief lending officer. He will relocate to London from New York in January as part of his new responsibility for rolling out the new wholesale banking model. The process to find a successor for his US role has started, he said.
