HSBC Holdings (HSBC) is disbanding its geopolitical risk team, Bloomberg reported Friday, citing sources familiar with the matter.
The reduction will affect fewer than 10 roles across Asia, Europe, and other regions, the report said.
The team's responsibilities included assisting senior HSBC managers in identifying country-specific risks and occasionally advising clients, it noted.
Some employees have been offered the chance to apply for other positions within the bank, the report said.
HSBC didn't immediately reply to MT Newswires' request for comment
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