New Chief, New Deals at HSBC

The transcript discusses the appointment of John Flint as the new CEO of HSBC and his immediate focus on the asset management unit, which has been struggling. The conversation highlights the challenges faced by asset management, particularly due to the shift towards passive investing, which is shrinking margins. Various strategic options for the asset management unit are considered, including selling, spinning off, or building it up through acquisitions. The importance of asset management as a lucrative part of banking is emphasized.

Who is the new CEO of HSBC mentioned in the video?

• David Flint

• John Flint

• James Flint

• Michael Flint

What is one of the main challenges faced by HSBC's asset management unit?

• Struggling to compete with larger firms

• Regulatory issues

• High employee turnover

• Lack of technological advancement

What strategic move is NOT mentioned as an option for HSBC's asset management unit?

• Building it up

• Selling it off

• Merging with another company

• Entering the real estate market

What is a potential benefit of maintaining an asset management unit for a bank?

• It can be a lucrative part of the business

• It simplifies regulatory compliance

• It reduces operational costs

• It decreases competition

Which company is mentioned as an example of combining units and spinning them off?

• Deutsche Bank

• Societe Generale

• Goldman Sachs

• JP Morgan