HSBC Secures Andre Cronje as its COO from Rival UBS
- Cronje comes over to HSBC from UBS as its COO after serving in a similar role since 2013.
There continues to be a number of moves at leading lenders heading into H2 2016, with HSBC securing the services of Andre Cronje from rival group UBS AG – he will join HSBC as its newest Chief Operating Officer (COO), stepping into the role on June 13, Finance Magnates has learned.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
More specifically, Mr. Cronje will serve as HSBC’s COO of its Global Banking and Markets (GBM) unit – in this capacity he will be reporting directly to HSBC’s GBM Chief Executive Samir Assaf and Group COO Andy Maguire. He joins HSBC from UBS, having worked in a similar role at the lender for the past few years.
Mr. Cronje served as the COO of UBS since 2013, during which he oversaw a multitude of functions and tasks with the investment bank. This included management of the group’s regulatory remediation and cost reduction programs, among other initiatives while based out of UBS’s Switzerland location.
During the rest of his tenure with UBS, he also held several senior level roles, including stints in the group’s mergers and acquisitions division.
HSBC recently made headlines in the personnel department after it unveiled plans to scale back its global workforce by upwards of 50,000 workers over the next few years. The announcement back in May also revealed it would be cutting a large number of IT jobs in the UK, namely London, Sheffield, and Leeds locations.
There continues to be a number of moves at leading lenders heading into H2 2016, with HSBC securing the services of Andre Cronje from rival group UBS AG – he will join HSBC as its newest Chief Operating Officer (COO), stepping into the role on June 13, Finance Magnates has learned.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
More specifically, Mr. Cronje will serve as HSBC’s COO of its Global Banking and Markets (GBM) unit – in this capacity he will be reporting directly to HSBC’s GBM Chief Executive Samir Assaf and Group COO Andy Maguire. He joins HSBC from UBS, having worked in a similar role at the lender for the past few years.
Mr. Cronje served as the COO of UBS since 2013, during which he oversaw a multitude of functions and tasks with the investment bank. This included management of the group’s regulatory remediation and cost reduction programs, among other initiatives while based out of UBS’s Switzerland location.
During the rest of his tenure with UBS, he also held several senior level roles, including stints in the group’s mergers and acquisitions division.
HSBC recently made headlines in the personnel department after it unveiled plans to scale back its global workforce by upwards of 50,000 workers over the next few years. The announcement back in May also revealed it would be cutting a large number of IT jobs in the UK, namely London, Sheffield, and Leeds locations.