BLOOMBERG Senior investment bankers at HSBC Holdings Plc in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks. The investment-banking division isn’t being singled out and the plan is in line with a broader move across the company, people familiar ...

BLOOMBERG Sajid Javid, the UK’s former Chancellor of the Exchequer, is set to join London-based Centricus Asset Management Ltd, people with knowledge of the matter said, joining a long list of politicians who’ve moved into financial services after leaving office. Javid plans to join the $40 billion investment firm as a senior adviser, according to the people, who asked not ...

BLOOMBERG Citigroup Inc’s clients are shifting supply chains away from China in a trend that is likely to last for years, according to David Livingstone, the lender’s chief executive officer for Europe, the Middle East and Africa. The Wall Street giant remains positive on China but a recalibration of global supply chains that’s been underway since the Covid pandemic has ...