Investor Presentaiton
Strategy
2Q23 results
Appendix
We continue to redeploy capital to further reposition our portfolio
Disposals in the pipeline
Planned sale of retail banking operations to My Money
Group
Portfolio repositioning
France
Aim to complete on 1 January 2024
Asia wealth
Pre-tax loss of up to c.$2.2bn at the point of reclassification
to held for sale; RWA reduction of c.$2.5bn
Agreed sale to RBC under way
Targeting closure in 1024
Canada
SVB
$5.3bn expected gain (including the recycling of the FX
translation reserve loss of $0.4bn)
Other
markets
Completed sale of our branch operations in Greece
Planned sale of our business in Russia
Planned divestment of our majority owned subsidiary, and
establishment of a new wholesale banking branch in Oman
Planned wind-down of our WPB business in New Zealand
Innovation
Banking
Pinnacle: c.1.4k Personal Wealth planners now digitally
enabled; positive momentum in VNB growth 11
India GPB: launched in July 2023 to serve high-net-worth
(HNW) and ultra-high-net-worth (UHNW) clients onshore
Diversification of business: continue to diversify with >35%
of Asia NNIA originating outside Hong Kong
Announced acquisition of SVB UK in March 2023
Acquisition strengthens our CMB franchise and enhances our
ability to serve firms in New Economy sectors
Build HSBC Innovation Banking into a global brand with over
800+ employees across the Group in the US, the UK, HK and
Israel
Bridge people, product and proposition across WPB, GBM,
Innovation Banking to drive synergies and cross-sell
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