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Investor Presentaiton

Appendix How we will succeed Strategy Results A strategy already in motion Ф Key initiatives already kicked off in 2020 ◆ Transformation initiatives well underway to unlock growth capacity; decisive actions in US and NRFB Key initiatives focused on client acquisition already launched (e.g. Pinnacle in China) GBM pivot to Asia strategy already in motion both from a capital and talent reallocation perspective Driven by a renewed operating model and a fresh leadership team Simplified organisation empowered to execute Refreshed management team with new performance measures aligned to our strategy Three global businesses: merged GPB and RBWM to form WPB; combined middle and back office of CMB and Global Banking Senior management personnel down 17% 67 in 2020 driving simplification and faster decision making Group Executive Committee: c.75% members in post for just over a year or less Significant capital and funding strength to drive high returns growth in Asia Putting HSBC's weight behind Asia Material step up in growth investments of c.$6bn planned in Asia to boost growth through new customer platforms and talent Accelerating capital re-allocation to Asia: committing to allocate 800bps additional capital to Asia (vs. 42% at FY20) over the medium to long-term WPB Wealth expansion into Greater China and Rest of Asia to serve international needs of our Asian customers GBM rebalancing of capital, investments and talent from West to East68 47
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