HSBC Has Moved On From Multiple Accountability, CEO Elhedery Says
Georges Elhedery, chief executive officer of HSBC, discusses efforts to reduce bureaucracy at the lender and simplify its decision-making process. "We moved from 0% single accountability — everything had dual...
By Bloomberg Markets · Bloomberg Markets
Georges Elhedery, chief executive officer of HSBC, discusses efforts to reduce bureaucracy at the lender and simplify its decision-making process. "We moved from 0% single accountability — everything had dual or multiple accountability," Elhedery tells Bloomberg's Francine Lacqua. "Now about 60% of our revenue is generated under single accountability." (Source: Bloomberg)