LONDON, Sept 11 (Askume) – HSBC (HSBA.L) has launched a strategic review of its Malta operations, a process which typically involves assets being put under review, the bank said in a filing to the local stock exchange on Wednesday.
HSBC indirectly holds a 70% stake in HSBC Malta, the bank said in an exchange filing.
The review comes just days after new Chief Executive Georges Elhedary took charge of the bank, following a number of exits and asset sales in Western markets to smaller lenders as it focuses on Asia.
