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Author:Irvine, S.
Title:The culture that powers HongkongBank; What is HSBC?; An 10 with a view
Journal:Euromoney
1997 : FEB, 2, p. 44-50
Index terms:BANKING
HONG KONG
MANAGEMENT
EXPERIENCE
ORGANIZATIONAL CHANGE
Language:eng
Abstract:Hongkong and Shanghai Banking Corporation has grown to be the world's most profitable financial group. The unique international officer culture that has driven it - men caught young, trained up, messed together, posted, reposted, in the bank for life and rarely back in the UK - will have to change. HongkongBank has to make its mind up about how much more like Citibank it wants to be. A recent move to functional reporting and , matrix-style management is a step in that direction. The Hong Kong and Shanghai Banking Corp. is only a part of the London-based financial group HSBC Holdings with total assets of $368 billion and a return on average shareholder funds of 22.6%, making it one of the world's biggest financial groups.
SCIMA record nr: 164274
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