After the financial crisis of 2007/2008, HSBC chief executive Michael Geoghegan saw a fundamental change in the global opportunities and risks. With increasing regulation and intense competition between banks, the Western Hemisphere was to be a tough place to do business. Emerging markets, however, offer a lot of opportunities. Geoghegan decided that in the event, HSBC, all the emerging markets would be a return to his roots and to risk management, he knew. HSBC but you need to understand that the consequences of the new startegy - "move in the emerging markets," - have been for their portfolio and overall risk profile. In particular, as the HSBC reallocate capital freeing the West for its diverse geography and business line? "Hide
by Anette Mikes, Dominique Hamel Source: Harvard Business School 18 pages. Publication date: April 10, 2012. Prod. #: 112097-PDF-ENG
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