HSBC chief executive Georges Elhedery’s planned overhaul of the bank has reignited debate about a break-up of the group, with one top 20 investor saying it should consider a total split between operations in the east and west.
Rajiv Jain, founder of GQG Partners, which owns an almost $800mn stake in HSBC, said the “direction” for the bank “should really be an eventual break-up”, an idea that was championed by top shareholder Ping An and shot down at an investor vote last year.
“I…
Read the full article here