HSBC is investing in technology: In its first-quarter 2024 results, the British bank blamed a 7% year-on-year increase in operating expenses, “largely due to continued investment in technology.” The latest hire to streamline these processes is someone who moved from Citi after decades at the US bank.
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Sophie Taylor joins HSBC as head of global operations and strategic delivery for technology. Her most recent role was managing director and global head of markets operations at Citi. She spent six and a half years at Citi, joining as managing director of global prime, futures and Delta One operations.
Taylor spent the majority of his career at Goldman Sachs, which he joined straight out of college in 2003. He rose to the position of vice president in London and subsequently worked in New York and Bangalore. He became managing director in Bangalore before returning to Goldman's London office as head of securities exchange management for EMEA and global head of securities settlement.
Taylor joins at a time of big change for HSBC as CEO Noel Quinn steps down, with Bloomberg reporting that a successor is expected to be confirmed by July.
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