HSBC Disbands Team Focused on Managing Geopolitical Risks

HSBC Holdings Plc is disbanding a team of staffers that were focused on identifying and managing geopolitical risk even as the possibility of such threats has ratcheted up since US President Donald Trump returned to power.

The move will impact fewer than 10 roles across Asia, Europe and other regions, according to people familiar with the matter. Some of those staffers have been given the opportunity to apply for other jobs within the lender, they said, asking not to be identified discussing personnel information.