HSBC Group CEO to meet Malta employees

HSBC Holding Group CEO Michael Geoghegan arrives in Malta today to update HSBC Bank Malta employees on the Group's performance.

During his whirlwind global roadshow, Mr Geoghegan is visiting 29 locations across five continents, covering 90,000 miles in 22 days, addressing tens of thousands of HSBC employees worldwide.

The roadshow began in Buenos Aires on September 29 and concludes in Jersey on October 20, covering North America, South America, Europe, the Middle East, Asia and Australia.

HSBC Malta is considered to be one of the 29 best performing operations in HSBC worldwide, registering more than $150 million profit over the past financial year. HSBC is present in 85 countries and territories.

The Malta event consists of a keynote presentation by Mr Geoghegan, although the focus of the roadshow remains the question-and-answer session that follows when employees ask him direct questions, a spokesman for the bank said.

"I passionately believe that if we want to remain the finest team in financial services, we need to constantly focus on improving our internal communication capabilities," Mr Geoghegan said. He considers the roadshow as the annual culmination of a communications journey. He explained that the rationale of the roadshow is for as many people as possible to have the opportunity to quiz him on how the Group management board is running the company and for him to understand better what challenges employees are facing in the business.

Alan Richards, HSBC's CEO in Malta, said it is "a real fillip for the team" in Malta to be able to quiz the Group CEO personally on strategy and objectives and to get an update on how well the Group is performing in spite of the challenges in the global financial markets.