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 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.

“There are certain assets, which have now become or be deemed national security assets such as code, gen-AI type code, such as chips, semiconductors, the most advanced types of them, such as data ...