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HSBC cutting 4,000 jobs as CEO makes shock exit : Global headcount to go down by 2%; bank says it remains committed to Singapore ops

Aug 06, 2019 - The Straits Times (Singapore)

HSBC remains committed to its Singapore operations and will size headcount accordingly even as it cuts about 2 per cent of its workforce globally this year, group chief financial officer Ewen Stevenson said yesterday.

Mr Stevenson, when asked if the cuts would affect Singapore, noted: "It's one of the predominant financial centres in the region that's very important to us and we are very committed to continuing to grow there in certain parts of our business, for example, private banking."

Singapore is one of eight strategic countries the bank is investing in, said group chairman Mark ...