Investor Presentaiton
GBM overview
Strategy update
Appendix
Building from our plans announced in February 2020
GBM commitments
Align resources
to areas of
growth
Delivered $54bn of gross RWA reductions to 10211
Reduced capital deployed to G10 Rates business,
exiting G10 long-term rates derivatives market-
making
Delivering against the plan 1020 vs. 1021
GBM RWAs
(14)%
from $295bn to $255bn
Improve
efficiency
Merged Global Markets and Securities Services
Created single middle and back office to support
wholesale clients
Cost-Income-Ratio
(4)ppt
from 63% to 59%
Demised central structures
Invest in areas
of competitive
strength
2.
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Investing over $1.3bn in platforms, technology and
coverage²
Return on Tangible Equity³
+5.8ppt
from 6.3% to 12.1%
Since 3Q19, which included accelerated saves in 4Q19
$1.3bn refers to 2021 cash CTB in 2021
Excluding Significant Items & Bank Levy
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