HSBC CEO Sees Fragmented World With More Strategic Assets

HSBC Holdings Plc Chief Executive Officer Georges Elhedery sees a fragmented world with more “national security assets” from data to semiconductors, but said that cross-border trade still presents the lender with massive opportunities.

Despite all the looming challenges, there will still be a “cohesive financial system,” said the CEO, who leads the world’s biggest trade bank, at the Bloomberg New Economy Forum in Singapore on Wednesday.